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Published: 10 July 2017      

ONE details set out by Japanese lines

The three big Japanese container lines have set out details of their new Ocean Network Express organisation, although not all jurisdictions have approved the merger as yet

The Japanese carriers have provided details of the Ocean K Line, MOL and NYK still hope the start of their joint operations as Ocean Network Express (ONE) can start on 1st April 2018, although South Africa will have to change its mind and several other jurisdictions have yet to reveal their deicisions.

The holding company Ocean Network Express Holdings Ltd is based in Japan and is led by Masahiro Tanabe and the global headquarters is Singapore, under Ocean Network Express Pte Ltd, which is led by Jeremy Nixon, up to now CEO, Global Liner Manaement, NYK Group South Asia Pte Ltd.

Regional headquarter companies are in Hong Kong, Singapore, UK (London), USA (Richmond, VA) and Brazil (São Paulo). Ocean Network Express (Japan) Ltd should be in place by this October.

ONE would become the sixth-ranked global carrier, with an intake of 1.44M TEU, or 6.9%, based on Alphaliner data. The three lines are members of THE Alliance.


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