The merger of the container operations of Mitsui OSK, K-Line and NYK (to form “3J”) has received competition approval in Singapore. Authorities referred to a market share that doesn’t breach thresholds, industry oversupply and the existence of NVOCCs as reasons for approval. The group also filed with the FMC on March 24. The U.S. authority may follow similar reasoning to Singapore’s as the 3J group only accounted for 6.9% of all incoming U.S. traffic in the last three months. That put it in just fourth place. Yet, a 42% share of Japan-to-U.S. routes and ownership of 13 out of the top 15 ...