South Africa blocks merger between Japanese carriers
The Competition Commission of South Africa (CCSA) has prohibited a proposed merger between Nippon Yusen Kabushiki Kaisha (NYK Line), Mitsui O.S.K. Lines Ltd (MOL) and Kawasaki Kisen Kaisha Ltd (K Line).
The three Japanese carriers had hoped to begin operations of their new joint venture (JV), known as Ocean Network Express, in April 2018, provided that all anti-trust reviews are completed.
The establishment of the JV, if approved, will integrate the three companies’ container shipping businesses (including worldwide terminal operation businesses, excluding those in Japan).
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