Ocean Network Express (ONE) has entered into a sustainability-linked deal for the lease of dry and reefer containers valued at US$201.85m.

The deal was revealed by international law firm Watson Farley & Williams (WFW), which announced its role in advising an Asian financial institution on the transaction. The firm acted as an arranger, agent, security agent, and lender for a Japanese Operating Lease with Call Option (JOLCO). The deal involved ONE as the lessee and Financial Partners Group (FPG) as the equity provider.

WorldCargo News reached out to ONE for further information regarding the arrangement, however, the company opted not to disclose any specific details about the number or types of containers it plans to lease. In its Q1 2024 results announcement ONE said that in response to port congestion and the shortage of empty containers it has “proactively procured more containers”, but provided no further details.

Singapore-headquartered ONE, a global container shipping company, has an extensive liner network service active in 100+ countries. It is jointly owned by Japanese shipping lines Nippon Yusen Kaisha, Mitsui O.S.K. Lines, and K-Line.

FPG is a Japanese company listed on the prime market of the Tokyo Stock Exchange and a leading JOLCO arranger in the maritime and aviation sectors.

Ocean Network Express (ONE) has entered into a sustainability-linked deal for the lease of dry and reefer containers valued at US$201.85m.

The deal was revealed by international law firm Watson Farley & Williams (WFW), which announced its role in advising an Asian financial institution on the transaction. The firm acted as an arranger, agent, security agent, and lender for a Japanese Operating Lease with Call Option (JOLCO). The deal involved ONE as the lessee and Financial Partners Group (FPG) as the equity provider.

WorldCargo News reached out to ONE for further information regarding the arrangement, however, the company opted not to disclose any specific details about the number or types of containers it plans to lease. In its Q1 2024 results announcement ONE said that in response to port congestion and the shortage of empty containers it has “proactively procured more containers”, but provided no further details.

Singapore-headquartered ONE, a global container shipping company, has an extensive liner network service active in 100+ countries. It is jointly owned by Japanese shipping lines Nippon Yusen Kaisha, Mitsui O.S.K. Lines, and K-Line.

FPG is a Japanese company listed on the prime market of the Tokyo Stock Exchange and a leading JOLCO arranger in the maritime and aviation sectors.