NYK Line, MOL and K Line agree to merge container businesses
The three biggest Japanese container carriers have agreed to merge their container shipping businesses, and terminal operating businesses everywhere apart from Japan.
In the new joint venture (JV), which is subject to regulatory approval from the authorities, Nippon Yusen Kabushiki Kaisha (NYK Line) will hold a 38% share, while Mitsui O.S.K. Lines (MOL) and Kawasaki Kisen Kaisha Line (K Line) will own a 31% stake each.
The new JV is expected to be officially established on July 1, 2017, with service planned to start on April 1, 2018.
You need a free subscription to read the entire article.
Subscribe
Subscribe for FREE and gain access to all our content.
More than 5000+ articles.
Related Posts
Other News
Container Management (cm) has been published for more than 30 years serving the port, terminal, intermodal and container handling equipment industries worldwide.
