S.K. Lines advancing 7.6%, and Nippon Yusen K.K. climbing 3.6% in Tokyo, while Hanjin Shipping Holdings added 2.1% in Seoul.

WSJ: Weaker Yen Lifts Tokyo Exporters

The biggest of the South Korean shipping companies, such as Hyundai and Hanjin, both part of diversified chaebol, also face a credit crunch.

ECONOMIST: Shipping