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  • Japanese Shipping lines Merge


    Mitsui O.S.K, Nippon Yusen Kabushiki Kaisha and Kawasaki Kisen Kaisha have announced a joint venture operating under the new name ‘Ocean Network Express’.

    The joint venture sees the 3 companies combine their fleet of vessels as well as terminal operation businesses excluding those found in Japan.

    This follows the pattern of consolidation through the shipping industry after a string of line fell into financial trouble.

    The merger still requires permission from various government anti-trust boards. In its current form it was rejected in May by the US Federal Maratime Commission (FMC).

    Pending approvals, the formal merge is due to begin in 2018.

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