ONE following a big plan
In late March, CEO Jeremy Nixon of the Ocean Network Express (ONE) pointed out that the Singapore-based container alliance, formed by the three Japanese carriers in 2017/18, won’t stand back behind other carriers in terms of growth plans.
The group has earmarked more than USD 20 billion for investments in its fleet, terminals and operations till 2030. Profitable since 2019, after a long period of losses, the group now jointly runs 156 weekly services worldwide.
One important pillar of the strategy is to build up the company’s fleet both through newbuilds and an expanded charter programme, the other is to set up an extensive infrastructure. Between 2020 and 2024, the company entered into a number of commitments to add 38 vessels with a total capacity of 520,000 teu to its fleet.
While not planning to become a logistics operator, ONE plans to place half of its investments into terminal acquisitions and technologies including digitalisation. (sh)