src="/files/fa/news/es/Thumbnails/a48422bf-ee62-4f77-94b4-15da9e7fc5c3_260_199.jpg' class='img_convert' title='World Shipping Lines applaud Japanese merger' alt='World Shipping Lines applaud Japanese merger'>According to MANA, The Danish rival sees the fresh development as a positive sign for the industry, while it is not expecting any short-term impact on its business as such.
NYK, MOL and K Line revealed plans to integrate their liner fleets in an effort to reduce costs by about JPY 110bn ($1bn) per year.
The new Japanese alliance is expected to begin operations with the start of the Japanese financial year on 1 April 2018.
VesselsValue estimates that the combined fleet will be the third in terms of owned tonnage, only behind Maersk and Cosco.