Three to ONE: Japan’s Ocean Network Express starts operating

Three to ONE: Japan’s Ocean Network Express starts operating

To little fanfare the world’s newest containerline officially started operations Sunday. Ocean Network Express (ONE), the liner giant created by the merger of the container units of Nippon Yusen Kaisha (NYK), Mitsui OSK Lines (MOL) and Kawasaki Kisen Kaisha (K Line), is now ploughing the seas as the world’s sixth largest containerline with 1.498m slots, according to analysts Alpahliner, giving it a global market share of 6.8%.

“The creation of ONE has been a challenging process, but our planning philosophy from the start has been to take a uniform and highly disciplined approach,” the line’s CEO, Jeremy Nixon, told this site in an interview carried on Thursday. Images of the first ship to carry the new ONE colours have just emerged on social media and are carried below.

The merger of the big three Japanese lines is the latest in a dramatic wave of container consolidation that is now entering lower tiers of the container shipping structure. In neighbouring South Korea, two intra-Asia operators, Heung-A and Sinokor, are expected to reveal details of a planned container merger on Tuesday.

 

 

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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