Container Shipping: ONE Begins
By Aiswarya Lakshmi
Sunday, April 1, 2018
Japan's Ocean Network Express (ONE) announced the commencement of container shipping businesses on April 1, 2018.
ONE is the result of an integration of the container operations of three Japanese shipping carriers, namely, Kawasaki Kisen Kaisha, Ltd ("K" Line), Mitsui O.S.K. Lines, Ltd (MOL) and Nippon Yusen Kabushiki Kaisha (NYK).
In April 2017, MOL, NYK and 'K' Line, started services as "THE Alliance" with other major domestic and foreign shipping companies. Ocean Network Express will continue to provide services as an alliance member. Leveraging the carriers' combined 1,440,000 TEU fleet size and supported by their globally-connected organization, ONE offers 85 service loops and a comprehensive network linking more than 200 of the world’s major ports.
Operations will be performed through a fleet of 240 vessels, including 31 super-large ships, such as world largest 20,000TEU container-ships, in a service network covering over 90 countries around the world.
The start of container shipping operations is in line with the initial schedule laid out when the company was established on July 7, 2017.