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

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.
31 Oct 2017
The improved performance came amid preparations by the three companies to merge and operate as a single company.
16 Oct 2017
Ocean Network Express CEO and 2017 TPM Asia Panelist Jeremy Nixon provides JOC.com with an exclusive update on the progress of merging Japan's Big Three container lines.
31 Jul 2017
The positive earnings statements come less than a month after the three established Ocean Network Express.
10 Jul 2017
NYK's head of container shipping Jeremy Nixon will lead the new Japanese carrier ONE.

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.