Japan’s big three shipping lines have unveiled their new joint venture, Ocean Network Express, and have said they will establish an operational headquarters in Singapore.

The joint venture, which has yet to receive regulatory approval in Japan, is a merger of the container shipping businesses of Kawasaki Kisen Kaisha (K-Line), Mitsui OSK Lines and Nippon Yusen Kabushiki Kaisha (NYK Line), including their respective terminal operation businesses around the world.

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