News / Japanese carrier trio miss first target for ONE merger, but it's all 'going to plan'

03/07/2017

K Line, MOL and NYK have insisted that the integration of their container businesses is still going to plan, despite missing the 1 July establishment target for the new Ocean Network Express (ONE) brand.

They said said the new company had “received all necessary approvals for compliance with local competition laws in regions and countries where compliance is required”.

They added “progress is being made” and further details “will be announced upon completion of all established procedures”.

The missed date of 1 July had “no impact” on integration plans ...