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London to be Europe HQ for new Japanese joint line
[ June 5, 2017 // Chris ]K Line, Mitsui OSK and NYK have announced the name for their new joint grouping – Ocean Network Express, or ONE. The new company will start operations on 1 April 2018, bringing together then vessels and assets of Japan’s three largest container operators.
An operating company will be established in Singapore and there will be regional headquarters in other parts of the world, with London the location for the European office.
The combined enterprise will operate a fleet of 1.4 million teu and will have a 7% share of the world market.