Japan’s Big Three gets final approval to launch JV

Japanese ocean liners Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL), and Nippon Yusen Kabushiki Kaisha (NYK) announced they have completed securing all…

Japanese carriers start merger process, get Europe’s approval

Japan’s three biggest container shipping liners said they are now establishing a new company in line with the merger of their business operations despite…

South African regulator blocks Japanese liners’ merger

The Competition Commission of South Africa has rejected the merger proposal of Japan’s “Big 3” container carriers Nippon Yusen Kabushiki Kaisha (NYK), Mitsui O.S.K.…

New name for JV of Japan’s Big 3; massive job cuts at Hapag-Lloyd

The three major box shipping companies of Japan have announced the trade name of their new merged entity and disclosed plans to launch the…

‘K’ Line consolidates 2 subsidiaries, outlines recovery plan

Kawasaki Kisen Kaisha Ltd. (“K” Line) announced it will merge two of its subsidiaries as it seeks a return to profitability and strives to…

Japanese shipping deal rejected by US maritime agency

The U.S. Federal Maritime Commission (FMC) has rejected the proposed merger of Japan’s three leading ocean box carriers, citing jurisdictional grounds for its decision.…

‘K’ Line lambasts bankruptcy rumors, threatens legal action

Japanese ocean carrier Kawasaki Kisen Kaisha, Ltd. or “K” Line has refuted allegations of potential bankruptcy and is mulling legal steps against the instigators…