Japanese Liner Merger

A single resource with the latest news and developments regarding the merger of Japan's Big Three container lines, NYK Line, MOL, and "K" Line. The companies have said that given the consolidation of the last few years the fundamental nature of the container shipping business has changed, and the only way forward for the three is to team up in pursuit of the lower costs and greater scale that are now essential to remaining competitive against behemoths such as Maersk Line and CMA CGM.

News & Analysis

A ONE ship.
27 Apr 2018
All three carriers in Ocean Network Express highlighted the supply-demand balance as having an influence on container industry financials, with freight rates stronger than during the previous year but lower than expected.
A ONE ship.
24 Apr 2018
The merged entity, Ocean Network Express, is reporting staff shortages at some locations as the three Japanese carriers are merged, which is causing customer problems.
A container ship at sea.
12 Apr 2018
The April 1 launch of new carrier Ocean Network Express is experiencing booking delays in some jurisdictions as cargo from three carriers migrates to the new network.
Ocean Network Express (ONE) CEO Jeremy Nixon.
06 Mar 2018
While there was room for “a little more” consolidation, One Network Express CEO Jeremy Nixon told the TPM 2018 conference that from a product and network perspective, he expected to see stability continue over the next two years.
31 Jan 2018
The improving container shipping market is reflected in the nine-month financial results of Japan's big three carriers.
18 Jan 2018
The last piece of the regulatory puzzle has fallen into place for Ocean Network Express, clearing the way for its global April 1 launch.

Commentary

Recent industry comments suggest carriers are being cautious in ordering new capacity — new ship orders are down substantially versus 2015 — and also will be cautious on capacity as alliances roll out their service networks. This is leading a number of observers to suggest that the container market gradually may be returning to equilibrium.