Need a quotation?

Dear Customers, if you wish to receive a quotation, we kindly ask you to fill in below form. Once the form has been duly filled and submitted, the rates will be quoted to you.


Skip to Content

Blog Archives

ONE avoids making full-year forecasts as market becomes uncertain

Ocean Network Express (ONE) said on 1 August that the market remains uncertain after its net profit for the three months ended 30 June plunged 91% from the year-ago period to US$513 million.

As such, ONE has refrained from making predictions about its financial performance for the current financial year, which ends on 31 March 2024.

ONE said, “The containership market is in the midst of major changes, such as, the aftermath of global supply chain disruption, changes in consumer behaviour and shifts in trade patterns due to increasing international tensions. ONE is making progress in adapting to these major changes, but further shifts in the market are expected as transport demand and trade patterns continue to alter, creating an uncertain outlook which is difficult to predict.”

Vessel utilisation had declined noticeably on ONE’s Transpacific lanes, coming in at 82% in the three months ended 30 June, compared to 100% in the year-ago quarter.

ONE’s vessel utilisation for Asia-Europe (west-bound) was relatively constant at 94%, but declined to 54% in the opposite direction, from 58% in the year-ago period.

ONE acknowledged that the market had changed since the Covid-19-fuelled boom between mid-2020 and mid-2022.

The pan-Japanese liner operator commented, “Cargo movements from Asia to North America in April-June fell by 18% year-on-year due to a lack of progress in clearing inventories resulting from stagnant consumption caused by inflation and high interest rates. Cargo movements from Asia to Europe in April-May was 9.1% higher than in the same period last year due to an increase in shipments to the Mediterranean Sea, particularly construction materials to Turkey. Shipments to Northern Europe remained at the same level as the same period last year due to stagnant consumption caused by high interest rates.

“As port congestion subsided, vessel utilisation recovered, and substantial supply normalised, but cargo demand has not recovered, which is a factor in the softening of supply and demand. The US West Coast labour negotiations reached a tentative agreement in mid-June. Meanwhile, in Canada, the labour-management negotiations had some impact on vessel operations and inland transport.”

ONE has reacted to the situation by blanking sailings and widening port coverage to enhance revenue. Ships are also slow steaming to reduce fuel consumption.

Larger ships are also deployed to East-West trades ahead of schedule, while ONE has tried to attract more volumes of special cargoes.

Source: Container News


ONE to get larger terminal in Kobe port

Ocean Network Express (ONE) will get a larger terminal in Japan’s Kobe port, after one of its shareholders, Mitsui OSK Lines (MOL), agreed to expand its existing Kobe International Container Terminal.

MOL currently leases KICT at berths PC-15/16/17 on the South Pier of Kobe’s Port Island, along with Sankyu Inc., Sumitomo Warehouse and Nickel & Lyons. Port Island is being expanded and undergoing functional reinforcement as part of the Port Island Phase 2 Development Project.

MOL said that after the aforementioned southern pier is expanded, it will add berth PC-14 and the land behind the terminal to its lease, expanding Kobe International Container Terminal.

The agreement also calls for another of ONE’s shareholders, K Line, which currently operates a container terminal on Kobe’s Rokko Island, to merge this facility with that of MOL’s.

The expanded Kobe International Container Terminal is expected to be ready in 2025 and with a total wharf length of 1.75km will be able to accommodate large container ships. The current terminal has a wharf length of 1.05km. The expanded terminal can offer more flexible berthing windows and help to shorten connections for transhipped containers.

In addition, there will be a container freight station connected to the terminal and a logistics facility (to be built on the land behind the terminal) with an overhead crane to move larger cargo. This will help speed up movement of the containers, from loading to the terminal.

K Line said: “With the relocation, we also expect to offer shipping companies and customers more flexibility for berth arrangement and for more convenience with transshipped containers.”

The new terminal, to be operated by Shosen Koun and Nitto Total Logistics, respective subsidiaries of MOL and K Line, will be among the largest container terminals in western Japan, handling nearly 40% of foreign trade containers at Kobe.

Source: Container News


THE Alliance set to raise capacity on Asia-North Europe service

Capacity on THE Alliance’s FE3 Far East – North Europe loop is expected to increase, as Hapag-Lloyd and Ocean Network Express (ONE) will take delivery of four more 24,000 TEU newbuildings in July and August. The four ships will replace vessels in the size range from 13,400 to 19,870 TEU, according to Alphaliner.

THE Alliance’s third Asia – North Europe loop used to be operated with a mix of 16,010 TEU vessels from HMM and Hapag-Lloyd’s vessels that have a nominal capacity of 14,993 TEU.

HMM’s 23,964 TEU HMM Le Havre, delivered in April, began the capacity upgrade in April, after which it was joined by several similar-sized vessels.

The FE3 currently turns in 12 weeks with a dozen ships ranging from 13,400 to 24,100 TEU, calling at Ningbo, Xiamen, Kaohsiung, Yantian, Singapore, Rotterdam, Hamburg, Antwerp, Southampton, Algeciras, Singapore, Yantian, Hong Kong, Kaohsiung, and Ningbo.

ONE’s new 24,136 TEU flagship ONE Innovation joined the fleet earlier in June in Ningbo and two more sister vessels are scheduled to phase into the service soon. ONE Infinity will join on 16 July, followed by ONE Integrity on 30 July.

Hapag-Lloyd’s new LNG-powered 23,666 TEU flagship vessels will also join the FE3 soon, starting with the Manila Express on 6 August. The lead ship of this series, the Berlin Express, was delivered on 14 June, but it has not joined the Asia – Europe trade yet. The ship will first perform a single round voyage on the Far East – Middle East AG3 service and then join the FE3 on 20 August. Berlin Express is scheduled to debut in its home port of Hamburg where it is expected to be christened on German Unity Day on 3 October.

By then, half of the FE3 fleet will already consist of 24,000 TEU Megamax ships, the largest vessel generation currently in service. Smaller FE3 ships to be replaced in the coming weeks and months include the 13,371 TEU Rome Express and Hapag-Lloyd’s first LNG-powered ship, the 14,600 TEU Brussels Express. The latter will be shifted to the Asia – Mediterranean MD2 loop.

Source: Container News


THE Alliance unveils updated service network for 2022

THE Alliance, comprising Hapag-Lloyd, Ocean Network Express (ONE), Yang Ming and HMM, has announced an updated service setup, which will be effective from spring 2022.

Among several modifications, a key change will be de-linking the FP2 pendulum loop into two separate services, namely FE5: South East Asia to Europe and PS7: South East Asia and South China to Transpacific West Coast.

Another important update is the introduction of a modern series of fuel-efficient 11,000 TEU vessels, which will replace older and smaller container ships on the most frequented services.

“This reflects THE Alliance’s continued commitment to lower carbon footprints,” said the alliance partners in a joint statement.

The service network of THE Alliance for 2022 will have the following rotations:

Asia and North Europe

  • FP1 remains as pendulum of Asia – Europe and Asia – Transpacific West Coast trades

Rotation: TPWC – Tokyo – Shimizu – Kobe – Nagoya – Tokyo – Singapore – (Suez) – Rotterdam – Hamburg – Le Havre – (Suez) – Singapore – Kobe – Nagoya – Tokyo – TPWC

  • FE2

Rotation: Shanghai – Ningbo – South PRC – South PRC – Singapore – (Suez) – Tangier – Southampton – Le Havre – Hamburg – Rotterdam – (Suez) – Singapore – Shanghai

  • FE3

Rotation: South PRC – Xiamen – Kaohsiung – South PRC – (Suez) – Rotterdam – Hamburg – Antwerp – Southampton – (Suez) – Singapore – South PRC – South PRC

  • FE4

Rotation: Qingdao – Pusan – Ningbo – Shanghai – South PRC – (Suez) – Algeciras – Rotterdam – Hamburg – Antwerp – (Algeciras) – Tangier – (Suez) – Singapore – Qingdao

  • FE5 (New)

Rotation: Laem Chabang – Cai Mep – Singapore – Colombo – (Suez) – Rotterdam – Hamburg – Antwerp – London Gateway – (Suez) – Jeddah – Singapore – Laem Chabang

Asia and the Mediterranean

  • MD1

Rotation: Qingdao – Pusan – Shanghai – Ningbo – South PRC – Singapore – Jeddah – (Suez) – Damietta – Barcelona – Valencia – Genoa – Damietta – (Suez) – Jeddah – Singapore – South PRC – Qingdao

  • MD2

Rotation: Pusan – Shanghai– Ningbo – Kaohsiung – South PRC – Singapore – (Suez) – Piraeus – Genoa – La Spezia – Fos – Barcelona – Piraeus – (Suez) – Singapore – South PRC – Pusan

  • MD3

Rotation: Pusan – Ningbo – Shanghai – South PRC – Singapore – Jeddah – (Suez) – Ashdod – Istanbul – Izmit – Aliaga – Mersin – (Suez) – Jeddah – Singapore – Kaohsiung – Pusan

Transpacific – West Coast

  • FP1 remains as Pendulum of Asia – Europe and Asia – Transpacific West Coast trades

Rotation: Europe – Singapore – Kobe – Nagoya – Tokyo – Los Angeles/Long Beach – Oakland – Tokyo – Shimizu – Kobe – Nagoya – Tokyo – Singapore – Europe

  • PS3 remains as Pendulum of Asia – Indian subcontinent and Asia – Transpacific West Coast trades

Rotation: Nhava Sheva – Pipavav – Colombo – Port Kelang – Singapore – Cai Mep – Haiphong – South PRC – Los Angeles/Long Beach – Oakland – Pusan – Shanghai – Ningbo – South PRC – Singapore – Port Kelang – Nhava Sheva

  • PS4

Rotation: Xiamen – South PRC – Kaohsiung – Keelung – Los Angeles/Long Beach – Oakland – Keelung – Kaohsiung – Xiamen

  • PS5

Rotation: Ningbo – Shanghai – Los Angeles/Long Beach – Oakland – Tokyo – Ningbo

  • PS6

Rotation: Qingdao – Ningbo – Pusan – Los Angeles/Long Beach – Oakland – Kobe – Qingdao

  • PS7 (New)

Rotation: Singapore – Laem Chabang – Cai Mep – South PRC  – South PRC – Los Angeles/Long Beach – Oakland – South PRC – Singapore

  • PS8

Rotation: Shanghai – Kwangyang – Pusan – Los Angeles/Long Beach – Oakland – Pusan – Kwangyang – Incheon – Shanghai

  • PN1

Rotation: Xiamen – Kaohsiung – Ningbo – Nagoya – Tokyo – Tacoma – Vancouver – Tokyo – Kobe – Nagoya – Xiamen

  • PN2

Rotation: Singapore – Laem Chabang – Cai Mep – Haiphong – South PRC – Tacoma – Vancouver – Tokyo – Kobe – Singapore

  • PN3

Rotation: South PRC – South PRC – Shanghai – Pusan – Vancouver – Seattle/Tacoma – Pusan – Kaohsiung – South PRC

  • PN4

Rotation: Qingdao – Ningbo – Shanghai – Pusan – Prince Rupert – Tacoma – Vancouver – Pusan – Kwangyang – Qingdao

Transpacific – East Coast (via Panama and Suez Canals)

  • EC1

Rotation: Kaohsiung – South PRC – South PRC – Shanghai – Pusan – (Panama) – Manzanillo – Savannah – Charleston – Norfolk – Manzanillo – (Panama) – Rodman – Kaohsiung

  • EC2

Rotation: Qingdao – Ningbo – Shanghai – Pusan – (Panama) – Cartagena – New York – Norfolk – Wilmington – Savannah – Charleston – Cartagena – (Panama) – Pusan – Qingdao

  • EC4

Rotation: Kaohsiung –South PRC – Cai Mep – Singapore – (Suez) – New York – Norfolk – Savannah – Charleston – New York – (Suez) – Singapore – Kaohsiung

  • EC5

Rotation: Laem Chabang – Cai Mep – Singapore – Colombo – (Suez) – Halifax – New York – Savannah – Jacksonville – Norfolk – Halifax – (Suez) – Jebel Ali – Singapore – Laem Chabang

  • EC6

Rotation: Kaohsiung – South PRC – South PRC – Ningbo – Shanghai – Pusan – (Panama) – Houston – Mobile – (Panama) – Kaohsiung

Asia and the Middle East / Red Sea

  • AG2

Rotation: Shanghai – Ningbo – Xiamen – South PRC – Port Kelang – Jebel Ali – Hamad – Umm Qasr – Hamad– Jebel Ali – Singapore – Shanghai

  • AG3

Rotation: Pusan – Qingdao – Shanghai – Ningbo – Kaohsiung – South PRC – Singapore – Jebel Ali – Dammam – Hamad – Jubail – Abu Dhabi – Sohar – Port Kelang – Singapore – South PRC – Pusan

  • AR1

Rotation: Pusan – Shanghai – Ningbo – South PRC – Singapore – Port Kelang – Jeddah – Aqaba – Sokhna – Jeddah – Singapore – Pusan


  • AL2

Rotation: Southampton – Le Havre – Rotterdam – Hamburg – New York – Norfolk – Philadelphia – New York – Southampton

  • AL3

Rotation: Antwerp – Hamburg – London Gateway – Charleston – Savannah – Norfolk – Antwerp

  • AL4

Rotation: Le Havre – London Gateway – Antwerp – Hamburg – Veracruz – Altamira – Houston – Le Havre

  • AL5

Rotation: Southampton – Le Havre – Rotterdam – Hamburg – Antwerp – Halifax – Port Everglades – Cartagena – (Panama) – Rodman – Los Angeles/Long Beach – Oakland – Seattle/Tacoma – Vancouver – Oakland – Los Angeles/Long Beach – Rodman – (Panama) – Cartagena – Caucedo – Halifax – Southampton

Source: Container News