NEW AGREEMENT AMONG NYK/MOL & K.LINE
This morning, KLINE, MOL and NYK have agreed to establish a new joint-venture company to integrate the container shipping businesses (including worldwide terminal operating businesses excluding
Japan) of all three companies and to sign a business integration contract and a shareholders’ agreement.
please refer to below details from shipping lines’ announcement for your reference.
Overview of the new joint-venture company Item Outline
Shareholders/ Contribution Ratio
Kawasaki Kisen Kaisha, Ltd. 31%
Mitsui O.S.K. Lines, Ltd. 31%
Nippon Yusen Kabushiki Kaisha 38%
Amount of Contribution Approx. 300 Billion JPY (Including fleets, share of terminals as investment in kind)
Business Domain Container Shipping Business (Including terminal operating business excluding Japan)
Fleet Size Approx. 1.4 Million TEU*, 6th in the market with approx. 7% of global share Notes1) Figures are as of October, 2016 excluding order book
Agreement date: October 31st, 2016
Establishment of the new joint-venture company: July 1st, 2017 (planned)
Business commencement: April 1st, 2018 (planned)
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