Nippon Yusen Kaisha (NYK), Mitsui OSK Lines (MOL) and K Line have just completed the first step in the approval of their acquisition. When finally fully approved, the new joint venture would operate the world’s sixth largest container fleet, with about 7% of global capacity. MOL is preparing for organizational restructuring and ultra-large vessel deployment as it paves the way for the "3J" to begin operating.

1. HOW MOL SHOWS STRENGTH AS
PART OF "3J " MERGER

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3. ABOUT
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At Xeneta we believe there is an untapped
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business, and ultimately the entire industry.
Rethinking global logistics is the vision of
Xeneta.
With international experience from the
logistics industry, we have first-hand
knowledge of the challenges related to high
volatility and lack of transparency in the
ocean freight market. By combining
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LOGISTICS

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RIGHT CONTAINER
FREIGHT RATES?
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THE DELIVERY OF THE
20,150 TEU MOL
TRIUMPH, THE FIRST
ULTRA-LARGE
CONTAINER SHIP TO
BREAK THE 20,000 TEU
BARRIER IS ONE OF
FOUR 20,150 TEU
VESSELS SHIPBUILDER
SHI IS BUILDING FOR
MOL.

5. NIPPON YUSEN KAISHA (NYK),
MITSUI OSK LINES (MOL) AND K
LINE HAVE JUST COMPLETED
THE FIRST STEP IN THE
APPROVAL OF THEIR
ACQUISITION. WHEN FINALLY
FULLY APPROVED, THE NEW
JOINT VENTURE WOULD
OPERATE THE WORLD’S SIXTH
LARGEST CONTAINER FLEET,
WITH ABOUT 7% OF GLOBAL
CAPACITY.

6. MOL'S TRIUMPH MEGA SHIP, THE
WORLD'S LARGEST CONTAINER SHIP,
JUST MADE ITS DEBUT AND WILL
OPERATE ON THE ALLIANCE’S ASIA
TO EUROPE TRADE VIA THE FE2
SERVICE.

7. THE DELIVERY OF THE
20,150 TEU MOL
TRIUMPH, THE FIRST
ULTRA-LARGE
CONTAINER SHIP TO
BREAK THE 20,000 TEU
BARRIER IS ONE OF
FOUR 20,150 TEU
VESSELS SHIPBUILDER
SHI IS BUILDING FOR
MOL.

8. TAKING DELIVERY OF THESE MEGA SHIPS WILL FURTHER
WEIGH ON A MARKET TRYING TO RIGHT-SIZE ITSELF FROM
OVERCAPACITY ISSUES.
WE ARE WEARY THAT INTRODUCING ADDITIONAL CAPACITY
MAY DEPRESS RATES AND HAVE A NEGATIVE FINANCIAL
IMPACT ON MOL’S CONTAINER BUSINESS AND PERHAPS FOR
THE UPCOMING JOINT VENTURE. AS ALWAYS, IT IS TOO SOON
TO TELL IN SUCH AN UNPREDICTABLE MARKET.

9. OCEAN FREIGHT RATES ARE
INCREASING. FIND OUT HOW TO
STAY AHEAD OF THE MARKET.
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OUR WEBINAR

10. MOL RESTRUCTURES

11. EFFECTIVE APRIL 1, MOL’S NEW
ORGANIZATIONAL STRUCTURE
WILL INCLUDE:

12. THE PRODUCT TRANSPORT BUSINESS UNIT
IN WHICH MOST OF THE CARRIER AND
PORT DIVISIONS WILL RESIDE.

13. A BUNKER BUSINESS OFFICE THAT WILL
PURCHASE AND PREPARE BUNKER OIL AND
LUBRICANT, ESTABLISH MID-AND LONG-TERM
POLICIES TO PROCURE FUELS AND
ACCELERATE INITIATIVES CONCERNING
VESSELS WITH ENGINES THAT USE
ALTERNATIVE FUEL SUCH AS LNG.

14. ESTABLISHMENT OF A NEW BUSINESS
CREATION DIVISION WHICH WILL RESEARCH
AND DEVELOP NEW BUSINESS INITIATIVES
THAT ARE NOT EXTENSIONS OF
CONVENTIONAL BUSINESS.

15. THE OFFSHORE & LNG PROJECT DIVISION
WILL BE RENAMED THE OFFSHORE
PROJECT DIVISION AND WILL ENGAGES IN
EFFORTS TO EXPAND THE OFFSHORE
BUSINESS.

16. GUIDE TO OCEAN FREIGHT
TRANSPARENCY
FREE
WEBINAR

17. EYES ON INDIA

18. IN ADDITION, THE ORGANIZATION APPEARS TO BE LOOKING
TOWARDS INDIA AS A BIG OPPORTUNITY. MOL SUBMITTED AN
APPLICATION TO THE INDIAN GOVERNMENT TO ESTABLISH A
SUBSIDIARY IN THE COUNTRY.
IF APPROVED, THE SUBSIDIARY WILL TAKE OVER THE
LOGISTICS BUSINESS FROM MITSUI O.S. K. LINES (INDIA) PVT.
LTD., EFFECTIVE APRIL 3, AND WOULD OPERATE IN DELHI,
MUMBAI, CHENNAI, AHMADABAD, BANGALORE AND PUNE.

19. MOL STATED THAT THE
NEW SUBSIDIARY WILL
PROVIDE AIR AND OCEAN
TRANSPORT,
CROSS-BORDER
TRANSPORT WITH
NEIGHBORING COUNTRIES,
DOMESTIC
TRANSPORTATION,
WAREHOUSING, CUSTOMS
CLEARANCE AND PLANT
AND PROJECT CARGO
TRANSPORT SERVICES.

20. RELATED
READING:
HOW TO GAIN
TRANSPARENCY INTO OCEAN
FREIGHT RATES
CLICK TO
READ

21. PROJECT CARGO

22. IN ADDITION TO REORGANIZATION EFFORTS AS WELL AS
EXPANSION PLANS IN INDIA, MOL PLANS TO EXPAND ITS
PROJECT AND HEAVY CARGO ACTIVITIES IN ASIA AND EUROPE
TO “ENHANCE ITS INITIATIVES ON INTER MODAL TRANSPORT
SERVICES FOR PLANT AND HEAVYWEIGHT CARGOES”,
ACCORDING TO THE COMPANY.
DIVERSIFICATION IS A SMART MOVE IN THAT WILL PROVIDE
NOT ONLY NEW OPPORTUNITIES, BUT CROSS-SELLING OF
SERVICES. THIS IN TURN WILL LESSEN MOL’S EXPOSURE TO
THE STILL STRUGGLING CONTAINER MARKET.