"K" Line

Established in 2017, Ocean Network Express (ONE) is a joint venture of the container line operations of three Japanese carriers: Kawasaki Kisen Kaisha, Ltd., known as 'K' Line; Mitsui O.S.K. Lines, Ltd., known as MOL; and NYK Line, or Nippon Yusen Kabushiki Kaisha (NYK).  

ONE’s combined fleet size initially totaled 1,550,000 TEU, ranking it the sixth-largest fleet in the world. ONE’s operations involve a fleet of over 250 vessels, including more than thirty super-large ships, such as 20,000 TEU container-ships. Covering over 100 countries around the world, ONE’s liner network links Asia with both coasts of North America; Europe with Asia; Europe with North America; West and Southeast Asia with China; and East Asia with Latin America. Although ONE’s holding company is located in Japan, its operational management is in headquartered in Singapore.  

The ONE fleet has become one of the largest carriers of both containerized imports from Asia to the United States, and containerized exports from the US to Asia.

 

31 Oct 2019
Despite reporting a profitable second quarter, the Japanese container carrier has reduced its full-year earnings forecast by nearly one-third, citing concerns over a worsening global economic environment and an expected increase in bunker costs.
A ONE ship.
16 Oct 2018
The ocean carrier — which launched in April and comprises “K” Line, MOL, and NYK Line — said in its half-year earnings report that it collectively expects to lose $310 million in the first half of the year, on revenue of $5.03 billion.
A ONE ship.
10 Sep 2018
The Top 5’s losses were driven exclusively by shippers shunning the Ocean Network Express, and there was another shipper trend that provides an insight regarding how shippers responded to alliances.
A ONE ship.
01 Aug 2018
NYK attributed Ocean Network Express’s initial loss to administrative problems resulting from “inefficient employee familiarization with the systems and insufficient preparation for the administrative processes.”