FINANCIAL RESULTS FOR FY2023 3rd QUARTER

Singapore, 29 January 2024 – Ocean Network Express (ONE) is proud to announce the award of Approval in Principle (AiP) for an Ammonia Dual-fueled vessel. Along with the investment in 12 methanol dual-fueled vessels, this marks another milestone for ONE on its journey towards net-zero by 2050.

Singapore, 24 January 2024 - In response to recent developments surrounding THE Alliance, which includes member lines Hapag Lloyd, HMM, Yang Ming Marine Transport, and Ocean Network Express, we wish to emphasize our unwavering commitment to maintaining a robust cooperation throughout 2024, ensuring the highest standards of cooperation and exceptional service are delivered to our stakeholders and the industry at large.

Singapore, 17th January 2024 – Ocean Network Express Pte. Ltd. (ONE) has signed Ship Building Contracts with Jiangnan Shipyard and Yangzijiang Shipbuilding for a total construction of twelve 13,000 TEU methanol dual-fuel container ships. Each shipyard will build six vessels and are all scheduled to be delivered from 2027. This significant milestone represents ONE’s inaugural fleet of methanol-dual fuel vessels and plays a key role in reaching ONE’s sustainable goals as part of the Green Strategy. 

Singapore, 13 December 2023 - The setup of THE Alliance’s network has been reconfigured to ensure a comprehensive port coverage. The enhanced service setup will be effective from April 2024.
One of key highlights in 2024 will be deploying additional tonnage in several services to ensure the most comprehensive coverage and the most reliable schedule under the existing operational conditions.
In the Asia-North Europe Trade and Transpacific South West Trade, THEA will extend the 2023 Winter Program until further notice.
Please refer to the enhanced service network with the following port rotations:

Singapore, December 11, 2023 - Ocean Network Express (ONE) is pleased to announce the establishment of a new subsidiary company, ONE DEJIMA CO.LTD. in Nagasaki city in Japan. This establishment was made possible with the support of Nagasaki Prefecture, Nagasaki City, Fukuoka Financial Group and the Juhachi-Shinwa Bank,Ltd. The new company, which will be supporting some of the operational functions from ONE's global headquarter in Singapore, aims to both expand ONE's global network and promote regional revitalization in Japan.

Singapore, 27 November 2023 – Ocean Network Express (ONE) is proud to announce the new West India North America (WIN) service which connects India’s west coast and the United States east coast to further enhance ONE’s services in the India subcontinental market.  

Singapore, 23 November 2023 – Ocean Network Express (ONE) is proud to announce the launch of a new trial aimed at unlocking the potential of wind propulsion as a sustainable solution for the maritime industry. Following the successful completion of a factory test, ONE, in partnership with Dutch maritime wind-powered technology experts Econowind, is set to install two containerized wind assist devices, known as VentoFoil containers, on the MV Kalamazoo. The 1,036 TEU feeder vessel operates between Pusan, Yokohama, and Honolulu, and is owned by NORSE UK and operated by Goodwood Ship Management, Singapore.

Singapore, 9 November 2023 – Ocean Network Express (ONE) is pleased to announce the success of its first interactive loss prevention workshop, held at ONE’s headquarters in Singapore on 07 November 2023. The workshop brought together representatives from Protection and Indemnity (P&I) clubs — NorthStandard Club, UK P&I Club, Steamship Mutual — as well as ONE’s insurance provider, TM Claims Service Asia, and broker, Marsh. Workshop participants included ONE’s fleet management, vessel operation and marine safety teams. 

Singapore, 6 November, 2023 – Ocean Network Express (“ONE”) is pleased to announce it has obtained all necessary regulatory approvals and completed its acquisition of a 51% stake in each of TraPac LLC (“TraPac”) and Yusen Terminals LLC (“YTI”), and a 20% stake in Rotterdam World Gateway (RWG). In addition to strengthening ONE's presence in the global supply chain, these acquisitions safeguard its access to terminal capacity in key and strategic gateways, support its growth ambitions, and enhance its service offerings to customers.