Japan’s ONE Carrier Network Flags $600 Million Loss in First Year

By Mike Wackett (The Loadstar) - Japanese carrier Ocean Network Express (ONE) is set to see losses spiral to $600m in its first year, as it struggles to “restore the trust of customers” after the chaotic April launch. ONE has alerted shareholders of K Line, MOL and NYK to a $310m loss for the half-year period to 30 September. Moreover, the merged carrier network has … [Read more...]

ONE Presents 2020 Global Sulphur Limit Plan

Freshly-minted ocean carrier ONE says it has identified using low sulphur Hybrid oil as the best solution for complying with the upcoming 2020 global sulphur limit for bunker fuel. ONE Line, which launched in April following the combination of Japanese container lines NYK, MOL, and K-Line, revealed details of its 2020 plan this week after reviewing options, namely low … [Read more...]

ONE Takes $120 Million Hit in Inaugural Quarter, Blaming ‘Clumsy’ Launch

By Alexander Whiteman (The Loadstar) - Ocean Network Express (ONE) recorded losses of $120m in its inaugural trading quarter, blaming its “clumsy” launch impacting its founder carriers. Worst hit was K Line, with a 26.2% drop in its second-quarter revenue and an operating loss of ¥13.7bn ($123.4m). The carrier said the development and the launch of ONE operations at the … [Read more...]

ONE Takes Delivery of First Pink Newbuild

Ocean Network Express has taken delivery of its first newbuild containership sporting the company's pink magenta color. The ship, named ONE Stork, was delivered by Japan Marine United Corp's Kure Shipyard in Kure, Japan. It is the first of seven newbuilds built with a capacity of 14,000 TEU. The 364-meter-long ONE Stork will be phased into THE Alliance's Asia to North … [Read more...]

ONE’s First Pink Ship Makes North American Debut

The first pink ship belonging to freshly-minted Japanese shipping group Ocean Network Express sailed through Puget Sound on Wednesday on its way to the Port of Tacoma in Washington, marking ONE's North American debut.  The 2013-built containership was recently rebranded to ONE's unique 'magenta' color scheme. Ocean Network Express, or ONE, was formed in 2017 through … [Read more...]