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Japan’s ONE starts taking bookings


Comments / {{hitsCtrl.values.hits}} Views / Monday, 12 February 2018 00:00

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Japanese carrier Ocean Network Express (ONE) has begun accepting bookings for its container shipping service in stages from 1 February.

The joint venture company of Japan’s shipping trio Kawasaki Kisen Kaisha, Mitsui O.S.K. Lines, and Nippon Yusen Kabushiki Kaisha is scheduled to start its business operations on 1 April.

With the commencement of ONE’s business operations, there will be up to four companies, namely ONE, K Line, MOL, and NYK Line operating on the same service concurrently during the transitional period until three pre-existing lines completely stop operating vessels. In January 2018, the trio received all necessary merger approvals from local competition authorities for their joint venture company, which integrates the three carriers’ container shipping businesses and terminal operation businesses outside Japan.

Established in July 2017, ONE would operate a fleet totalling 1.4 million TEUs, placing it as sixth in the market with approximately 7% of global share.

K Line and MOL will each hold 31%, and their compatriot NYK Line will hold the remaining 38% stake in the JV.

 


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