Indeed ONE is a very different animal, as explained in earlier articles, this is a new holding company, responsible for the selected assets of the three major Japanese box lines namely Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL), and Nippon Yusen Kabushiki Kaisha (NYK), the ‘integrated business’ model mentioned above.
ONE will consist of a Japanese holding company overseeing the operating company, Ocean Network Express Pte Ltd, based in Singapore which itself will manage five separate ONE divisions; East Asia in (Hong Kong); Singapore; Europe (UK); North America (US) and Latin America (Brazil).
The new outfit claims 6th spot in terms of volume of TEU carrying capability with approximately 240 vessels under its charge including 31 Ultra Large Container Ships (ULCs) up to the world’s largest 20,000 TEU class, and full details of company structure and leading executives can be seen here.
It may however still not be plain sailing for the three Japanese carriers. Whilst Singapore (naturally) and the EU have approved the merger, just last month South Africa took a different view, and doubtless the thought of a rising ocean power in the East will not ensure plaudits from certain quarters in the US.
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