"K" Line

The landside ability of the supply chain to handle volume generated by mega-ships must improve before carriers can achieve the lower unit costs their deployment promises.

The positive earnings statements come less than a month after the three established Ocean Network Express.

NYK's head of container shipping Jeremy Nixon will lead the new Japanese carrier ONE.

Japan's three major carriers say the new joint venture liner shipping company is ready to be established.

The name of the joint venture container line that will be formed from the merger of Japan's three main carriers has been announced.

The Japanese lines may as well fast track their merger following the voting down of their proposed agreement by the FMC on jurisdictional grounds, as the new line is unlikely to be blocked.

The next 12 months will be good for Japan's top three carriers that are predicting a profitable 2017/18 financial year.

The so-called “tariff effect” will take an estimated one to two years after the set-up of the company to start delivering substantial savings.

The new alliances begin operations on April 1, but an analysis of the networks reveals a surprising cut in the number of direct port-to-port connections.

The anticipation of record losses underscores the necessity of Japan's leading container lines’ plan to merge.

The tax reforms provide another release valve for growing financial pressure.

US Federal Maritime Commission member William Doyle said the FMC should be “very cautious” about allowing container lines to use their alliances’ antitrust immunity to deal collectively with US service providers.

Eager to avoid the fate of neighboring South Korea’s Hanjin Shipping, Japan’s Big Three shipping companies are lobbying the government for favorable tax and budgetary measures.

Synergies can be obtained through a single operating unit.

Japan’s Big Three container lines downgraded their full-year earnings forecasts and said they expected record losses as their fiscal first-half results illustrated the financial difficulties that motivated their Monday announcement they would merge.

Three Japanese lines seek scale benefits in move to merge container divisions.

APL Logistics and its parent company have retracted statements made by their employees that said “K” Line could go bankrupt, after the Japanese container line threatened legal action.