Ocean Network Express (ONE)

Ocean Network Express (ONE)

ocean-network-express-container-lines-maritime

 

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 TEUs, 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 headquarters are in Singapore.

 

Over the first nine months of 2018, ONE ranked as the fourth-largest carrier of containerized imports to the U.S., with about 2 million TEUs of cargo, behind only CMA CGM, Maersk and MSC. Over the same period, ONE ranked fifth among carriers of containerized exports, with about 850,000 TEUs.

13 Jun 2022
HMM will provide North America shippers with a way to book spot container freight by the end of 2022, joining its peers in THE Alliance.
ZIM San Francisco.
29 Nov 2018
The combined US import market share of the Top 5 US import carriers slipped 0.3 percentage points to 58.1 percent from January through September, while the Top 5’s US export share fell 0.8 percentage points to 58.4 percent, according to data from PIERS, a sister product of JOC.com.
A ZIM ship.
05 Nov 2018
Top 40 US import/export carriers: the strong US import volumes, particularly from Asia, have benefitted container lines, with year-over-year gains rising steadily since April on tariff fears. Zim and Pacific International Lines recorded the largest US import percentage gains.
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.
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.”
A ONE ship.
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.
A ONE ship.
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.
Ocean Network Express (ONE) CEO Jeremy Nixon.
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.