Independent journal on economy and transport policy
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Green light of the authorities antitrust to joint venture ONE of the Japanese "K" Linens, MOL and NYK
The South African court of the competition has approved of with reserves the fusion of the containerized marine services
January 19, 2018
Wednesday the South African court of the competition has approved of with reserves the fusion of the activities in the segment of the containerized marine transport of the Japanese shipowning societies Kawasaki Kisen Kaisha ("K" Linens), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK), project that to half last month was rejected by the Authority for competition of the South Africa(on 22 June 2017), and yesterday the three Japanese companies have announced that their joint venture Ocean Network Express (ONE), constituted last July for giving performance to their project defined in 2016(on 31 October 2016), it has obtained all the necessary approvals from the authorities antitrust of the E regions nations in which such green light it was necessary so that joint venture can begin to operate.
The South African court of the competition has given its approval to the fusion as before the start of the judicial procedure the parts that participate to the concentration have proposed a series of conditions that they answered to the worries expressed from the South Korean authority antitrust and, also constando the necessity to place conditions, they are not opposite to the approval with reserves and have expressed intention the intention to respect such constraints.
The conditions taxes preview essentially that the dependent and the leaders of joint venture active ONE in the field of the container do not exchange information with connected activity, as those of marine transport of car and bulk that is operated by "K" Linens, MOL and NYK, and that the leaders of the ONE are not involved in such connected activities.
Announcing the green light to the entrance in activity of ONE, "K" Linens, MOL and NYK have confirmed that the Network of services of line operated from the Ocean Express Network will become operating the next 1° April(on 18 December 2017).
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Wednesday the South African court of the competition has approved of with reserves the fusion of the activities in the segment of the containerized marine transport of the Japanese shipowning societies Kawasaki Kisen Kaisha ("K" Linens), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK), project that to half last month was rejected by the Authority for competition of the South Africa
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
