ONE entered the order book with an order for ten large container ships Ship’s crew

Despite falling freight rates and uncertainty about consumer demand, the container shipping ordering frenzy continues as Japanese shipping company Ocean Network Express announces an order for ten more large container ships.

ONE announced the new order on Wednesday, which it says is in line with the company’s mid-term strategy announced in March 2022. The latest order follows an earlier order for 10 vessels of a similar size, placed in May 2022.

“By ensuring a stable deployment of new, state-of-the-art container ships without constraints from short-term fluctuations in the container market, the Company aims to strengthen the competitiveness of its fleet and meet customer demand for the construction and maintenance of an efficient and reliable supply chain,” ONE said in its announcement.

The newest ten ships will have a deadweight tonnage of over 13,700 TEU and are scheduled for delivery in 2025 and 2026.

In order to live up to ONE’s “green” strategy, the latest newbuilds will be “ready” for methanol and ammonia fuel and will also feature a bow cover and other energy-saving technologies. ONE says it has also started discussions with the shipyard and equipment manufacturers to implement onboard CO2 capture and storage upon delivery.

ONE did not disclose the shipbuilder or shipbuilders selected for this latest order, but for what it’s worth, the order was awarded to Hyundai Heavy Industries in South Korea and Japan’s Nihon shipyard in Japan in May, with each building five vessels of equal size and power -efficient technology and fuel.

Speaking of bow covers, ONE recently unveiled the installation of energy-saving Bow Wind Shields on two of its 20,000 TEU vessels, which will help reduce CO2 emissions.

“For ONE, the green strategy is a top management priority and aims to achieve carbon neutrality by 2050,” said ONE. “The company is committed to achieving sustainable shipping by continuing to invest in greener assets and technologies and as a leader in decarbonizing shipping, decarbonizing shipping through extensive collaboration with industry stakeholders.”

Ocean Network Express, ONE for short, was formed in 2017 through the merger of the container shipping companies of the Japanese shipping companies Kawasaki Kisen Kaisha (“K” LINE), Mitsui OSK Lines (MOL) and Nippon Yusen Kaisha (NYK). The company is currently the seventh largest container line in the world with a fleet size of approximately 1.52 million TEU and 204 ships, according to Alphaliner’s ranking.

The latest order brings ONE’s order book to 54 ships and a total of 571,000 TEU, as Alphaliner data shows.

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