Japanese shipping giants to merge

The three main Japanese-owned container lines – K Line, Mitsui OSK and NYK – are to merge, creating a million teu-plus grouping. A new joint-venture company will integrate the container shipping businesses including terminal operations outside Japan. The new joint-venture company will be formally established on 1 July 2017 and actual operations are not planned to start until 1 April, 2018. The three companies said that the merger had been prompted by ... [+]

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