K Line, MOL and NYK are banking their future group profitability on the success of the Ocean Network Express (ONE) – the merger of the Japanese transport groups’ respective container businesses scheduled for April.
According to reports, the trio say they expect to save ¥50bn ($440m) in costs in the first fiscal year ending 31 March 2019m and thereafter ¥110bn a year.
The synergies will come from personnel consolidation, combining agencies and subsidiaries and a lowest-common-denominator-reduction …
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Source: The Loadstar