The ocean carrier — which launched in April and comprises “K” Line, MOL, and NYK Line — said in its half-year earnings report that it collectively expects to lose $310 million in the first half of the year, on revenue of $5.03 billion.
"K" Line
“K” Line is the world’s 15th-largest container shipping company and one of the largest Japanese transportation companies. It was established in 1919 and along with NYK Line and MOL is one of Japan's "Big Three" container lines.
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Nov 15, 2018 10:00AM EST
Press Releases
10 Sep 2018
The Top 5’s losses were driven exclusively by shippers shunning the Ocean Network Express, and there was another shipper trend that provides an insight regarding how shippers responded to alliances.
01 Aug 2018
NYK attributed Ocean Network Express’s initial loss to administrative problems resulting from “inefficient employee familiarization with the systems and insufficient preparation for the administrative processes.”
31 Oct 2017
The improved performance came amid preparations by the three companies to merge and operate as a single company.
17 Oct 2017
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.
14 Sep 2017
US maritime regulators on Thursday voted to allow ocean carrier members of THE Alliance to form an emergency fund.
31 Jul 2017
The positive earnings statements come less than a month after the three established Ocean Network Express.
26 Jul 2017
Harren & Partner are aiming for “light-touch” integration with SAL Heavy Lift.
10 Jul 2017
NYK's head of container shipping Jeremy Nixon will lead the new Japanese carrier ONE.
07 Jul 2017
Japan's three major carriers have officially formed the One Network Express in Tokyo.
03 Jul 2017
Japan's three major carriers say the new joint venture liner shipping company is ready to be established.
22 Jun 2017
The decision comes just days before the new joint venture Ocean Network Express was expected to be formed.
31 May 2017
The name of the joint venture container line that will be formed from the merger of Japan's three main carriers has been announced.
16 May 2017
Share prices of Japan’s top three shipping firms are languishing.
10 May 2017
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.
02 May 2017
The US Federal Maritime Commissioners voted 4-0 to reject ‘K’-Line, MOL, and NYK Line’s plan to share information with each other ahead of the merging of their container operations in July
28 Apr 2017
The next 12 months will be good for Japan's top three carriers that are predicting a profitable 2017/18 financial year.
16 Mar 2017
"After five years we will probably see new alliances, and smaller capacity carriers may lose out.”
13 Mar 2017
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.
09 Mar 2017
THE Alliance on Thursday released details on its 32 joint services.
08 Mar 2017
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.
28 Feb 2017
Jeremy Nixon presented an update to the TPM 2017 conference on the merger of the container divisions of 'K' Line, MOL, and NYK Line.
31 Jan 2017
The anticipation of record losses underscores the necessity of Japan's leading container lines’ plan to merge.
14 Dec 2016
The fight between the three major shipping alliances on US trades officially starts in April.
12 Dec 2016
The tax reforms provide another release valve for growing financial pressure.
06 Dec 2016
The original language would have expanded the antitrust immunity of container shipping alliances.
29 Nov 2016
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.
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