Page 10: of Maritime Logistics Professional Magazine (May/Jun 2017)
BUNKER OPERATIONS & PORTS
A FULL AGENDA
FOR THE INTERNATIONAL
THE PAST COUPLE OF MONTHS HAVE BEEN
CHOCK-A-BLOCK FULL OF MARITIME ACTIVITY
IN THE INTERNATIONAL CONTAINER TRADES.
BY WILLIAM P. DOYLE s the Big-3 Japanese Lines remain still on track to spin- proposed by Kawasaki Kisen Kaisha, Ltd. (K Line); Mitsui off their container business units into a single stand- O.S.K. Lines Ltd. (MOL); and Nippon Yusen Kaisha (NYK).
Aalone container carrier company, some delayed merger This agreement was styled as a joint venture seeking to comply and acquisition activity is fnally moving ahead. Separately, with joint venture regulations under the jurisdiction of the FMC.
Congress has taken a keen interest in the Shipping Act. The decision by the FMC in no way precludes the Japanese carriers from merging their container trade business units into
Japanese Lines a single stand-alone company. Rather, the vote recognizes that
On May 2, 2017, the U.S. Federal Maritime Commission the FMC cannot approve certain actions that would allow the (FMC), unanimously voted to reject the Tripartite Agreement three Japanese companies to act as a merged entity prior to
Image credit: Maersk 10 Maritime Logistics Professional May/June 2017 | |