Industry Update: Mitsui (MOL), K Line and NYK complete their merger. From 1st April 2018 all individual services with these shipping lines have stopped. From this merger a new shipping line has formed to combine all 3 services. The new shipping line is Ocean Network Express (ONE Line).
This merger highlights the pressures of the consolidating freight industry. ONE Line is now the 6th largest global carrier operating a combined 1.48 million TEU on over 200 ships. Following the collapse of Hanjin Shipping in 2016, ONE Line is strategically cutting costs by avoiding duplicate sailings and offering a consolidated operation.
Want to know more?
Working with ONE Line we continue to offer competitive freight solutions. As always these solutions are underpinned by experienced and knowledgeable staff.
To find out more about the ONE network call your ICE representative on 1300 CARGO1.