https://newsletter.en.creamermedia.com

Tribunal approves JV between three international shipping companies

17th January 2018

By: Anine Kilian

Contributing Editor Online

     

Font size: - +

The Competition Tribunal has approved, with conditions, the intermediate merger whereby Nippon Yusen Kabushiki Kaisha (NYK), Mitsui OSK Lines (MOL) and Kawasaki Kisen Kaisha (KL) intend to merge their container liner shipping businesses to form a joint venture (JV) in the shipping market.

NYK, MOL and KL will share ownership in the JV, which will be known as Ocean Network Express (ONE).
   
The Competition Commission had originally prohibited the merger, as it felt the transaction would have likely strengthened coordination in the market for the transportation of cars, liner shipping services and bulk shipping services.

However, in the proceedings before the tribunal, the commission, jointly with the merging parties, proposed a range of conditions which addressed its concerns.

The merging parties disputed the need for conditions, but indicated that they would agree to be bound by such in the interests of obtaining approval. 
 
Broadly, the conditions prohibit a cross pollination of employees and executives between the container liner JV and adjacent businesses, as well as imposing a number of extensive monitoring and reporting mechanisms. 
 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Environmental Assurance (Pty) Ltd.
Environmental Assurance (Pty) Ltd.

ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...

VISIT SHOWROOM 
Alcohol Breathalysers
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine video image
Magazine round up | 29 November 2024
29th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.22 0.32s - 189pq - 2rq
Subscribe Now