Members of THE Alliance are making plans to reshuffle their Asia-North Europe and Asia-Mediterranean networks in preparation for HMM, which will join the vessel grouping in April.
Ocean Network Express (ONE)
Ocean Network Express (ONE)
03 Jan 2020
Recent quotes by carriers on their surcharges for more expensive low-sulfur fuel oil are confusing shippers and causing suspicion carriers are attempting to make unreasonable profits from the global LSFO mandate that took effect Wednesday.
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.
16 Sep 2019
Container carriers in the slowing US import and export trades are exercising increased discipline, maintaining capacity levels rather than introducing new vessels in an attempt to secure a larger share of the market.
04 Sep 2019
Amid signs of newfound and relative stability, the container shipping industry faces two imminent challenges.
19 Aug 2019
Carrier market share in the trans-Pacific is not expected to change much in the next few months, in part because carriers will manage capacity by blanking individual sailings and deploying extra-loader vessels to handle import surges.
31 Jul 2019
It has been a good start to the year for ONE, with no distracting merger issues to affect service levels and revenue.
26 Apr 2019
The merged container operations of Japan's three largest ocean carriers got off to a dismal start as it launched operations in April 2018, which helped drag down revenue.
16 Apr 2019
Four of the world’s largest shipping lines received clearance this week to begin developing data standards through a new association designed to help carriers to tap more quickly into outside digital innovation.
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.
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.”
27 Apr 2018
All three carriers in Ocean Network Express highlighted the supply-demand balance as having an influence on container industry financials, with freight rates stronger than during the previous year but lower than expected.
24 Apr 2018
The merged entity, Ocean Network Express, is reporting staff shortages at some locations as the three Japanese carriers are merged, which is causing customer problems.
06 Mar 2018
While there was room for “a little more” consolidation, One Network Express CEO Jeremy Nixon told the TPM 2018 conference that from a product and network perspective, he expected to see stability continue over the next two years.