ONE (Ocean Network Express Pte. Ltd.) is a major new global container shipping company, that comes to market in 2018. It is a joint venture of the container line operations of three Japanese carriers: Kawasaki Kisen Kaisha, Ltd., known as 'K' Line; Mitsui O.S.K. Lines, Ltd., known as MOL; and NYK Line, or Nippon Yusen Kabushiki Kaisha (NYK). Although ONE’s holding company is located in Japan, its operational headquarters are in Singapore. ONE’s combined fleet size initially totaled 1,600,000 TEUs, ranking it the sixth-largest fleet in the world. 

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History of ONE

ONE was founded in 2016 as a joint venture between Nippon Yusen Kaisha (NYK), Mitsui O.S.K. Lines (MOL), and K Line. The company was formed as part of a larger process of consolidation that was occurring in the container shipping industry at that time, affected by poor profits and surplus capacity. It merged the container shipping divisions of the three companies, forming the sixth-largest container shipping company in the world at that time. NYK controls a 38% stake of the joint venture, while MOL and K Line own 31% each.

After starting corporate and sales activities in October 2017, the company began trading in April 2018, with headquarters in Japan, business operation headquarters in Singapore and regional headquarters in United Kingdom, United States, Hong Kong, and Brazil, and local offices in 90 countries.

On 15 May 2018, the first magenta painted vessel was delivered and added into the fleet. ONE Commitment (formerly known as MOL Commitment, built in 2013), started her maiden voyage at Singapore and reached Yantian International Container Terminals in China. Sailing under Japanese flag, the vessel operates on THE Alliance PN2 service calling Japan, China, US and Canada with a total capacity of 8,560 TEU.

In August 2018, ONE ordered more than 14,000 refrigerated containers.

In December 2018, ONE and PSA International signed an agreement to form a joint venture at Pasir Panjang Terminal in Singapore to conduct container operations in the terminal, starting in the first half of 2019.

ONE- Ships colour

ONE chose a recognized and eye-catching magenta color for all of its freshly released ships and containers. The magenta color palette was inspired by cherry blossom trees, which are one of Japan's national emblems and where the mother firms are headquartered. Other owned ships will be painted magenta as well.