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ONE to become world's sixth largest container shipping carrier

THE merger of the container shipping divisions of MOL, "K" Line and NYK into a single carrier, branded Ocean Network Express (ONE), has been officially announced. The world's sixth largest container carrier will launch operations on April 1.

The ONE will have a combined fleet of 250 containerships for a total capacity of 1.4 million TEU. The Japanese shipping line will launch its first 33 services in April, but will start accepting bookings in February.

The new container carrier will control a market share of 6.9 per cent, just behind Hapag-Lloyd's 7.2 per cent market share. The company will wield considerable influence over the major east-west trades and become the second largest partner in THE Alliance.

Headquartered in Singapore and registered in Japan, the CEO of Ocean Network Express (ONE) will be NKY's former general director Jeremy Nixon. 

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