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ONE container ship

ONE orders 10 Very Large Container Ships

Author:
2022/06/01 at 11:10 AM

Ocean Network Express (ONE), the world’s sixth-largest shipping line, will add 10 Very Large Container Ships to its fleet. Each vessel will have a nominal capacity of over 13,700 TEU. The investment is a part of ONE’s Midterm Strategy.

On Tuesday, 31 May 2022, ONE concluded two agreements with shipbuilding companies, Hyundai Heavy Industries and Nihon Shipyard. Each deal includes the building of five Very Large Container Ships (VLCS) at a nominal capacity of more than 13,700TEU. All the vessels will be delivered to the shipping line in 2025.

ONE container ship
Illustrative picture. ONE Minato container ship, source: ONE

“The vessels are designed with the highest efficiency standards as well as a variety of cutting-edge technology to reduce navigational impacts to the environment and are planned for the “Ready notation” or “AiP (Approval in Principle)” of Ammonia and Methanol as fuel, Carbon Capture and Storage. Moreover, this fleet will enable,” ONE stated.

Investment plan

ONE ordered 10 new VLCSs within its ONE’s Midterm Strategy announced in March. According to it, the shipping line is committed to investing 20 billion US dollars by 2030 in developing its business. More than half of the investment plan will be dedicated to ONE’s core fleet. To this end, the company has already ordered new vessels with a total capacity of over 520,000 TEU.

The investment plan also includes the extension of the company‚Äôs container fleet, the development of terminals and the implementation of new technologies. It is worth noting that all ONE’s investments are in line with the company’s key target: to become a leader in maritime decarbonisation and carbon-neutral by 2050.

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