Advisory

Monday, 31 October 2016

MOL, NYK and K-Line Integration of Container Operations


Dear MOL Customer,

 

We wish to inform you that Mitsui OSK Lines, NYK and K-Line have reached an agreement to integrate our container shipping divisions into a single operating entity. Some important details about this development are as follows:

 

  • This new arrangement will not simply be a carrier alliance. A new company, operating under a new name (yet to be finalized), will be established with MOL, NYK and K-Line as shareholders.
  •  Subject to regulatory approval, the new company is expected to be fully integrated and operational by April of 2018. During the 18 months between now and then, MOL, NYK and K-Line will be focused on the smooth integration of our services in order to ensure that the new company is capable of offering a premier service upon commencement of operations.
  • In the meantime, MOL will continue to serve you as an independent operator and we remain steadfastly committed to providing you with the services you require.

With an initial fleet size of 1.4 million TEUs, MOL fully expects that the new company will provide you with a combination of financial strength, global operational efficiency and customer service excellence. 

 

We will be sure to keep you well informed of developments both directly and via our website – MOLPower.com.

 

Thank you for your continued support.

 

Sincerely,

 

Richard Hiller

Chief Commercial Officer

MOL Liner Ltd.



* Click here to download the customer notification (PDF)