The management of the new company, Ocean Network Express Holdings (ONE) - the joint venture between three Japanese shipowning societies Kawasaki Kisen Kaisha ("K" Linens), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK) was unveiled.
The existing NYK Line chief executive Jeremy Nixon named as the chief executive of ONE. Nixon has been chief executive of NYK’s liner division since 2012, and moved to Singapore two years before that to head its South Asia operation.
The holding company with ultimate governance of ONE will remain in Tokyo, but its operational global headquarters will be based in Singapore.
ONE will have five regional operating Generali quarters, of which one to Hong Kong where the Ocean will have center Network Express (East Asia, one to Singapore that will accommodate the Ocean Network Express (Singapore), in the United Kingdom for the European division Ocean a Network Express (Europe), a center in the United States of the Ocean Express Network (North America) and a center in Brazil of the Ocean Network Express (Latin America).
ONE will become fully operational on April 2018 and will have a fleet of approximately 240 vessels including 31 Ultra Large Container Ships.