News / ONE could quit South Africa trade in response to merger rejection

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The decision of the South African Competition Commission to block the merger of the container businesses of K Line, MOL and NYK is “not expected to have a significant impact” on the consolidation of the Japanese carrier trio, according to Alphaliner.

It said that, notwithstanding a likely intention to appeal last week’s ruling, the proposed One Network Express (ONE) could decide to quit the South African market when it commences operations next April, with minimal damage to its business.

However, with spot freight rates on the ...