Ocean Network Express

Last updated

Ocean Network Express Holdings, Ltd.
Company type Joint venture
Industry Maritime transport
Founded7 July 2017;6 years ago (2017-07-07)
Headquarters
Tokyo and Singapore
Area served
Worldwide
Key people
Jeremy Nixon [1]
Owner
Number of employees
14,000 [2]
Subsidiaries Ocean Network Express Japan (Japan)
Ocean Network Express Pte. Ltd. (Singapore)
Website one-line.com

Ocean Network Express Holdings, Ltd., branded as ONE, is a Japanese container transportation and shipping company jointly owned by the Japanese shipping Lines Nippon Yusen Kaisha, Mitsui O.S.K. Lines, and K Line. Launched in 2017 as a joint venture, ONE inherited the container shipping operations of its parent companies, corresponding to a combined fleet capacity of about 1.4 million TEU. [3]

Contents

History

ONE was founded in 2016 as a joint venture between Nippon Yusen Kaisha (NYK), Mitsui O.S.K. Lines (MOL), and K Line. [4] The company was formed as part of a larger process of consolidation that was occurring in the container shipping industry at that time, affected by poor profits and surplus capacity. [5] It merged the container shipping divisions of the three companies, forming the sixth-largest container shipping company in the world at that time. NYK controls a 38% stake of the joint venture, while MOL and K Line own 31% each. [4]

After starting corporate and sales activities in October 2017, the company began trading in April 2018, with headquarters in Japan, [6] business operation headquarters in Singapore and regional headquarters in United Kingdom, United States, Hong Kong, and Brazil, [7] [8] [9] and local offices in 90 countries. [10]

On 2 April 2018, ONE Minato (ordered by K Line, and originally named Minato Bridge) was launched from Imabari Shipbuilding as trial. The vessel has a capacity of 14,000 TEU, and has been re-painted in magenta. [11]

On 15 May 2018, the first magenta painted vessel was delivered and added into the fleet. ONE Commitment (formerly known as MOL Commitment, built in 2013), started her maiden voyage at Singapore and reached Yantian International Container Terminals in China. Sailing under Japanese flag, the vessel operates on THE Alliance PN2 service calling Japan, China, US and Canada with a total capacity of 8,560 TEU. [12]

On 12 June 2018, the newly built ONE Stork was delivered and launched from Hiroshima, Kure Shipyard in Japan. This vessel was originally intended as NYK Stork, as part of the 8 Bird-class container ship sister ships, ordered and owned by Nippon Yusen Kaisha, and chartered to ONE. The ship has a capacity of 14,000 TEUs and is magenta painted. The first deployment was instructed towards North America East Coast, after calling several loading ports in China, Hong Kong and Singapore. [13]

On 7 July 2018, ONE Competence made fast at the Port of Oakland. The vessel was built in 2008 as MOL Competence, to carry over 8000 TEUs. She has recently been repainted in magenta, following the intended plan to rebrand over 240 vessels in the fleet. [14]

In August 2018, ONE ordered more than 14,000 refrigerated containers. [15]

In December 2018, ONE and PSA International signed an agreement to form a joint venture at Pasir Panjang Terminal in Singapore to conduct container operations in the terminal, starting in the first half of 2019. [16]

On 30 November 2020, the container ship ONE Apus lost an estimated 1816 containers overboard during severe weather while traveling from Yantian in China to Long Beach, California, USA. Among these were 64 containers of dangerous goods. Removing collapsed containers from the deck took 3 months after the ship docked in Kobe, Japan. [17]

On 14 April 2021, ONE is added to ISO9001 certification registry of ClassNK. [18]

On 19 April 2021, ONE has announced the formation of a new Green Strategy Department, that will be involved in environmental sustainability projects, such as the successful trial of bio-fuel to power the MOL Experience container ship. [19]

Color Scheme

ONE 40ft container. Ocean Network Express container.jpg
ONE 40ft container.

ONE decided to paint all its newly launched ships and containers in a recognizable and eye-catching magenta shade (refrigerated containers have the opposite coloring: white with magenta lettering). [20] The magenta colour scheme was inspired by the cherry blossom trees, one of the national symbols of Japan, where the mother companies are located. [21] Other owned ships will also be painted magenta. [22]

THE Alliance

Along with Hapag-Lloyd, HMM Co. Ltd., and Yang Ming Marine Transport Corporation, ONE is a member of THE Alliance. THE Alliance is a group of container shipping companies intended to provide 34 shipping services, directly calling at 81 different ports around the world on a monthly basis. [23]

Fleet

At establishment, the fleet counted 240 container vessels, including 31 container ships with a capacity of around 14,000 TEU or higher, of which 6 have 20,000 TEU capacity. As a result of the merger, it also inherited container ship orders from its predecessors, with one ultra-large 20,000 TEU vessel and twelve 14,000 TEU vessels due to be delivered (the Millau Bridge-class container ships). [24] A tonnage review was scheduled to happen within 18 months from the operations beginning, in order to be competitive on all services by using the most recent, technological and efficient ships available to be built. [25]

Container ship classes of Ocean Network Express
Ship classBuiltCapacity (TEU)Ships in classNotes
NYK Vega-class 2006–20079,0124 NYK Line
Hannover Bridge-class2006–20098,2128 K Line
NYK Oceanus-class2007–20088,628–9,0404 NYK Line
MOL Creation-class 2007–2008, 2013–20148,110–8,56010 Mitsui O.S.K. Lines
MOL Maestro-class 2010–20116,72410 Mitsui O.S.K. Lines
NYK Adonis-class2010–20119,5923 NYK Line
MOL Globe-class 2011–20125,60510 Mitsui O.S.K. Lines
MOL Bravo-class 2014–201610,10010 Mitsui O.S.K. Lines
Millau Bridge-class 2015–201813,90010 K Line
NYK Bird-class 2016–201914,00015 NYK Line
MOL Triumph-class 2017–201820,170–20,1826 Mitsui O.S.K. Lines
Zenith Lumos-class 2020–onwards14,9524Long-term charter from Zodiac Maritime
ONE Freedom-class2022-onwards15,2009Long-term charter from Seaspan
ONE Innovation-class2023–onwards24,0006Long-term charter from Shoei Kisen Kaisha [26]
2025–onwards13,700105 to be built by Nihon Shipyard and 5 to be built by Hyundai Heavy Industries [27]
ONE Readiness-Class2023-onwards7,00010Long Term Charter From Seaspan

See also

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References

  1. ↑ "ONE appoints Jeremy Nixon as CEO". splash247.com. 10 July 2017. Retrieved 3 July 2023.
  2. ↑ "Ocean Network Express". about.att.com. Retrieved 26 March 2019.
  3. ↑ Chambers, Sam (31 May 2017). "Japan's big three lines christen new merged container entity Ocean Network Express -". splash247.com. Retrieved 3 January 2019.
  4. 1 2 Wackett, Mike (3 October 2017). "Creation of Ocean Network Express will be a turning point for NYK, says president". The Loadstar. Retrieved 3 January 2019.
  5. ↑ Liang, Lee Hong. "Japan's K Line, MOL, NYK to merge container shipping business". www.seatrade-maritime.com. Retrieved 8 January 2019.
  6. ↑ "Organization Structure | ONE". www.one-line.com. Retrieved 1 April 2021.
  7. ↑ "Japan's big three reveal Ocean Network Express". TradeWinds. 1 June 2017.
  8. ↑ Berman, Jeff (1 June 2017). "NYK, K-Line, MOL team up to form the Ocean Network Express". logisticsmgmt.com. Retrieved 3 January 2019.
  9. ↑ "Ocean Network Express: 'Large enough to survive, small enough to care' -". splash247.com. 17 July 2017. Retrieved 3 January 2019.
  10. ↑ "All Offices | ONE". www.one-line.com. Retrieved 1 April 2021.
  11. ↑ "ONE launches its first container ship". Marine Sight. 2 April 2018. Retrieved 8 July 2019.
  12. ↑ "ONE's New Livery Debuts at Port of Tacoma". The Maritime Executive. Retrieved 19 April 2021.
  13. ↑ "ONE Stork launch". Ship Spotting. 12 June 2018. Retrieved 8 July 2019.
  14. ↑ "Oakland welcomes ONE". Port Technology. 7 July 2018. Retrieved 8 July 2019.
  15. ↑ "One Orders 14,000 Reefers". Maritime Executive. 20 August 2018. Retrieved 3 January 2019.
  16. ↑ "Ocean Express and PSA Joint Venture". IHMA. 22 December 2018. Retrieved 3 January 2019.
  17. ↑ "ONE Apus Containership Returns to Sea After Three Month Recovery". The Maritime Executive. Retrieved 1 April 2021.
  18. ↑ "ONE is added to ISO9001 certification registry of ClassNK | Hellenic Shipping News Worldwide". www.hellenicshippingnews.com. Retrieved 7 May 2021.
  19. ↑ Berry, Rhys. "GLOBAL: ONE launches green strategy department". Bunkerspot - Independent Intelligence for the Global Bunker Industry. Retrieved 19 April 2021.
  20. ↑ "ONE takes delivery of first new magenta boxship". The Maritime Executive. 12 June 2018. Retrieved 21 March 2019.
  21. ↑ "Cherry blossom colored container ship arrives". SFGate. 7 July 2018. Retrieved 21 March 2019.
  22. ↑ "Port of Oakland eye popper: magenta container ship in town Monday". Port of Oakland. 5 July 2018. Retrieved 24 May 2021.
  23. ↑ "THE Alliance". Joc.com. Retrieved 3 January 2019.
  24. ↑ Andersen, Ole (29 November 2017). "Jeremy Nixon: ONE must find its place among the mega-carriers". ShippingWatch. Retrieved 3 January 2019.
  25. ↑ "ONE unveils eco friendly vessel". Port Technology. Retrieved 12 July 2019.
  26. ↑ "ONE inks long-term charters for six 24,000 teu containership newbuilds". Seatrade Maritime. 24 December 2020. Retrieved 7 April 2021.
  27. ↑ "ONE orders 10 new container ships". Container News. 31 May 2022. Retrieved 3 June 2022.
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