Ocean Network Express Archives - The Loadstar

ONE enjoys huge profit rise – every eastbound transpac ship full

Gavin van Marle — Thu, 31 Oct 2024 17:19:13 +0000

Japanese container line ONE today reported its Q2 24 interim results that showed huge increases in profitability on the back of increased volumes and tightened supply, and vessel utilisation levels consistently at 90%-plus levels.
The carrier recorded a second-quarter revenue of $3.54bn, with volumes up 7%, to just over 3.3m teu across all its trades, while profits soared – Q2 EBITDA of just under $2.4bn was some 447% higher year on ...

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ONE sees Q1 profits rise, but remains cautious as box shipping hits ‘tipping point’

Charlotte Goldstone — Wed, 31 Jul 2024 12:06:43 +0000

Ocean Network Express (ONE) reported a 12% year-on-year revenue increase in today’s Q1 results, along with a bullish outlook for full-year earnings, but the ocean shipping market has reached a “tipping point”, according to Xeneta.
ONE revenue for Q1 was $4.2bn, resulting in a $779m net profit, up $266m on the same period last year, which, as the carrier’s financial year is offset, is April to June.
Ebit was $667m and ...

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ONE reports 2023 profit collapse due to rates decline, but volumes were up

Gavin van Marle — Tue, 30 Apr 2024 12:32:22 +0000

Japanese container line Ocean Network Express (ONE) has provided the first indication of the financial boost from the Red Sea crisis to carriers, as it released its 2023 annual report, which crucially also includes the first quarter of this calendar year.
It said that, while the overall market continued to demonstrate sluggish demand on the key transpacific and Asia-Europe trades, against a backdrop of structural overcapacity stemming from the industry’s massive ...

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Japan’s ‘ONE 2030’ – doubling the fleet; a move ‘up the value chain’ too?

Alessandro Pasetti — Fri, 22 Mar 2024 11:50:50 +0000

Japan’s Ocean Network Express (ONE) is rarely an ocean carrier I follow closely and that is unlikely to change anytime soon as our shipping guru Mike Wackett already does an excellent job on that front. However, I am pleased to share today some insight from sell-side house Jefferies, as ONE this week disclosed its 2030 plan for glory.
The premise, in ONE’s own words:
“The initial two years of ONE 2030 are ...

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Carriers roll out peak season surcharges as capacity crunch looms

Mike Wackett — Tue, 19 Dec 2023 13:25:58 +0000

Ocean carriers are imposing emergency peak season surcharges (PSSs) as global supply chains face weeks of disruption with ships being re-routed via Southern Africa instead of using the much shorter transit via the Suez Canal.
Japanese carrier ONE said today that from 1 January it would introduce an emergency PSS of $500 per teu on the Asia-Europe westbound trade, “in view of continuous strong demand … in order to maintain space ...

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ONE forecasts operating loss after it saw Q2 profits sink

Mike Wackett — Tue, 31 Oct 2023 13:56:41 +0000

Confirmation that container shipping lines are operating in the red came today with the release of Japanese ocean carrier ONE’s results for the past quarter.
In the second quarter of its fiscal year, ending 30 September, Ocean Network Express (ONE) saw net profit slump to just $187m from $5.5bn in same period of last year.
Moreover, ONE’s ebit for the period fell to just $58m, as voyage results slid into the red.
For ...

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DHL sets up air charter service to Tel Aviv as war disrupts supply chains

Charlotte Goldstone — Fri, 27 Oct 2023 12:37:38 +0000

DHL Global Forwarding has set up a dedicated charter operation between its European hub at Liege (LGG) and Tel Aviv (TLV) in response to the decline in belly capacity following the outbreak of conflict in Israel.
The B767-200 freighter, organised through its StarBroker Charter operation has a payload of 40 tons, dedicated to “continue serving [DHL’s] immediate customer’s capacity needs” after “most carriers revoked their flights to and from Tel ...

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Asian lines want a slice of bigger rivals’ transatlantic reefer trade

Alex Lennane — Fri, 21 Jul 2023 10:13:36 +0000

ONE, Cosco and OOCL are challenging their larger European competitors’ dominance in the South America-Europe reefer tradeby launching the joint Latin East-Coast Europe Express (LUX) service.
Marketed as ESE2 by Cosco and OOCL, the service focuses on moving South American refrigerated cargo and Linerlytica analyst Tan Hua Joo told The Loadstar it would be a new venture for ONE, which previously had relied on transhipment to serve this tradelane.
Mr Tan added: “Reefer ...

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Box lines seek new partners as they target profitable routes

Mike Wackett — Thu, 20 Jul 2023 12:30:26 +0000

To penetrate more lucrative tradelanes, ocean carriers are looking for vessel-sharing partners outside their main east-west alliances.
And with their services under financial pressure, container lines are redeploying tonnage to routes they believe can still make money, whether on a standalone basis, by vessel-sharing or, in the first instance, with slot purchases.
In turn, the carriers will look to cut back on their commitment to east-west trades that are heavily exposed to ...

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Use of ‘smart’ containers speeds up as more ocean carriers get onboard

Alex Lennane — Tue, 11 Jul 2023 12:07:54 +0000

Updating a previous estimate, Drewry now says that by 2027, almost one-third of all containers will be equipped with telematics hardware.
A container becomes “smart” with the addition of a telematics device, enabling real-time tracking and monitoring, which boosts operational efficiency, equipment availability and supply chain control.
Last year, Drewry reckoned 25% of containers would be equipped with a tracking and telemetry device by 2026. However, by the end of last ...

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