World Shipping Lines applaud Japanese merger

Maersk Line has welcomed the combination of the fleets owned by the three big Japanese owners, announced earlier today.

News ID: 69993

Date: 12 November 2016 - 11:47

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.