THE
merger
of Japan's "K" Line, MOL, and NYK, will create the
world's sixth-biggest container line, with the top seven lines controlling 65
per cent of global capacity by 2018, according to Alphaliner.
The
top seven are expected to widen the gap even further with the rest of the
market in the coming years, said the Paris-based research house.
The
merged Japanese carrier will operate 1.37 million TEU with a global market
share of 6.6 per cent, based on Alphaliner's assessment of the capacity
operated by the three carriers as at October 31.
The
joint venture is not expected to be operational until April 2018, subject to
regulatory approvals. A total of US$2.9 billion will be invested in the new
operation, which includes ships and terminals, with NYK owning 38 per cent and
MOL and "K" Line holding 31 per cent each.
Alphaliner
said the move will end almost five decades of rivalry between the Japanese
carriers in the container shipping business.
Six
Japanese carriers entered the container shipping market from 1968 to 1970, and
after several mergers and acquisitions, the fierce competition between the
three that were left continued from 1991 until this week's JV agreement.
"The
recent wave of consolidation among their rivals, including the acquisition of
APL by CMA CGM, the merger of Cosco with CSCL as well as the planned
combination of Hapag-Lloyd with UASC, might have prompted the Japanese carriers
to finally resolve their differences, while the bankruptcy of Hanjin Shipping
in late August this year further emphasised the risk of continued inaction,
said Alphaliner.
Source : HKSG.
Tidak ada komentar:
Posting Komentar