Japan’s big three shipping groups – K Line, MOL and NYK – have officially established Ocean Network Express (ONE), making further progress on the integration of their container shipping businesses.
The three Japanese carriers – K Line, MOL and NYK – have updated that it expects to get an approval from the South African authority for the merger of their container shipping businesses, following an earlier rejection by the country’s competition commission body.
Nippon Yusen Kaisha (NYK) and Kyushu Electric Power have agreed to collaborate in the fields of LNG transportation that would utilise NYK’s vessels.
The big three Japanese lines will engage with the Competition Commission of South Africa to review the authority’s recent rejection of their planned container lines business merger. But say work on the merger will proceed in the meantime.
Seven US Navy sailors are missing after a warship USS Fitzgerald was involved in a collision with an NYK chartered containership.
Flagship Indonesia-Japan Patimban deep seaport project was in its final stage of preparations for the start of construction and is on track to start operations by 2019, local press reported.
The new joint venture container shipping entity of Japan’s big three carriers will operate under the tradename Ocean Network Express with its holding company based in Japan and an operating company incorporated in Singapore.