"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.
31 Oct 2016
Japan’s Big Three container lines downgraded their full-year earnings forecasts and said they expected record losses as their fiscal first-half results illustrated the financial difficulties that motivated their Monday announcement they would merge.
31 Oct 2016
With no turnaround for container shipping in the foreseeable future, the three largest Japanese shipping companies are merging.
30 Oct 2016
Three Japanese lines seek scale benefits in move to merge container divisions.
21 Oct 2016
A group of Asian container lines is injecting capacity into the Asia-Australia trade.
29 Sep 2016
APL Logistics and its parent company have retracted statements made by their employees that said “K” Line could go bankrupt, after the Japanese container line threatened legal action.
22 Sep 2016
“K” Line accuses APL Logistics of telling the latter’s customers that the Japanese container line could go bankrupt.
15 Sep 2016
The Busan Port Authority will offer discounts to CKYE Alliance members in a bid to keep Busan’s cranes busy.
13 Sep 2016
The port says the new service could boost traffic by 30,000 TEUs per year.
13 Sep 2016
Rumors that an investment fund will take over Japan's No. 3 carrier abound.
31 Aug 2016
Japanese shipping group "K" Line has set up a joint venture with India’s J.M. Baxi Group.
25 Aug 2016
A group of Asia-based container lines are teaming up to offer new joint services on the intra-Asia trade.
29 Jul 2016
Japan’s three largest container warned of even worse financials than originally expected after reporting deep losses thanks to overcapacity.
09 May 2016
The credit ratings agency Moody’s has downgraded the credit of "K" Line and is reviewing that of Mitsui O.S.K. Lines as two of Japan’s top three container lines struggle against unfavorable market conditions.
28 Apr 2016
Japan’s three largest container lines mostly reported dismal financial results for fiscal 2015 on Thursday.
04 Feb 2016
Two of Japan’s big three shipping lines sailed into the crosshairs of Moody’s ratings agency, with the outlook of Mitsui O.S.K. Lines being reviewed to negative and K Line heading for a downgrade as weaker than expected profitability clouded their 2016 prospects.
29 Jan 2016
Japan’s three largest container lines significantly downgraded their earnings forecasts for the current fiscal year ending on March 31, with Mitsui O.S.K. Lines now expecting a sizable net loss of 175 billion yen ($1.45 billion).
04 Jan 2016
There will be no sustained recovery in the dry bulk or container shipping sectors this year amid overcapacity in the industry and slowing demand for raw materials from China, said "K" Line president and CEO Eizo Murakami.
16 Dec 2015
Five Asia-based container lines will expand a service in mid-February that connects to Australia, while another China-based line will also beef up its service to and from Oceania.
07 Oct 2015
Three former “K” Line and NYK executives have been indicted for alleged participation in a scheme to rig bids and fix prices for international shipments of roll-on, roll-off shipments to and from the United States.
10 Apr 2015
Kawasaki Kisen Kaisha has sold six container ships for nearly $92 million as it prepares to receive 10 vessels each with a capacity of 14,000 20-foot equivalent units.
"K" Line ship stack
02 Mar 2015
Japan’s third-largest shipping line, Kawasaki Kisen Kaisha, announced Monday it would be beefing up its LNG and bulker vessels over the next four years, while downsizing its container shipping fleet.
31 Jan 2015
Japan's three major diversified ocean carriers -- Mitsui O.S.K., NYK Line and “K” Line” -- posted profits for t
15 Jan 2015
The well-liked and respected IT leader, 46, built his career on a foundation of family history in the business, a deep understanding of the market and a talent for technology.
05 Jan 2015
With MOL’s container business in the red and performing worse than the other Japanese carriers, the company’s president in New Year’s message said 2015 would be a “counteroffensive year” in which it would get more aggressive in cost-cutting.
17 Dec 2014
Another set of historic rate increases are on tap for the trans-Pacific, as the 15 members of the Transpacific Stabilization Agreement announced hikes totaling $1,000 per FEU.
01 Nov 2014
The three largest Japanese container lines, MOL and “K” Line and NYK Line, all reported improved container shipping revenues in the six months from April through September but saw profits go in different directions. The results showed the effects of limited improvement in Asia to Europe rates but revealed challenges in port congestion in Asia and cascading of larger ships into north-south trades as mega-vessels are delivered into Asia-Europe.
07 Oct 2014
Carriers serving the trans-Pacific westbound trade from the U.S. to Asia will attempt to raise rates as of Nov. 1, arguing that rates currently “fall well below breakeven levels.”
26 Sep 2014
“K” Line has pled guilty to U.S. price fixing charges in the roll-on, roll-off market and will pay a $67.7 million criminal fine and take an extraordinary loss of roughly the same amount in its fiscal second quarter
"K" Line containers
24 Sep 2014
As “K” Line’s container shipping business hovers at break-even, the company says it will focus on growing other shipping segments while cost-cutting to keep its container business viable.
31 Jul 2014
Interim result season is in full swing, and the financial reports reveal carriers in the container-shipping industry searching for a silver lining.
02 Jul 2014
WASHINGTON — U.S. Federal Maritime Commissioners yesterday unanimously voted to allow CKYH partners and Evergreen Line to discuss cooperating in the trans-Pacific and trans-Atlantic trades.
REX3/RES2/ARC2 port rotation
24 Mar 2014
CMA CGM, China Shipping Container Lines and United Arab Shipping Co. will launch a new jointly operated, fixed-day weekly service...
18 Mar 2014
Wallenius Wilhelmsen Logistics today was fined ¥3.5 billion (about US$34.6 million) by the Japanese Fair Trade Commission for participating in a cartel...
Port of Shanghai
12 Mar 2014
Carriers’ schedule reliability from Shanghai to Oakland, Calif., showed the greatest variation in eastbound Asia-to-Southern California route performances...
18 Feb 2014
Evergreen Line has confirmed that it is in negotiations with the CKYH Alliance to form a new alliance...