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Japanese shipping giant Ocean Network Express all set to launch its services by April one

The new joint venture Japanese shipping giant Ocean Network Express Private limited will commence its operations from April one as scheduled having received all necessary merger approvals from Local competition authorities in regions and countries where it will be operating. The latest clearance has come from the South African authorities.

The Joint Venture Company was formed by the merger of Kawasaki Kisen Kaisha, Ltd ("K" Line), Mitsui O.S.K. Lines, Ltd (MOL) and Nippon Yusen Kabushiki Kaisha (NYK)

 The JV Company had completed the approval process in all regions and countries except South Africa as of the end of June 2017. Following continued negotiations with the competition authority in that country, the JV company has now obtained approval with conditions requiring measures regarding competition law compliance.

 The service commencement schedule for the new company remains unchanged, with operations slated to begin on April 1, 2018, said a release from Joint Venture company.


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