ONE's CEO Till Ole Barrelet aims for 3 million TEU capacity by 2030, focusing on financial growth and strategic market expansion.
Ocean Network Express (ONE) incoming Chief Executive Officer Till Ole Barrelet has outlined a clear strategic mandate: to improve the company's financial performance and accelerate the execution of the ONE2030 strategy.
As ONE formally enters what the industry has come to recognize as its 2.0 era, Barrelet assumed the role of Chief Executive Officer on 1 July, succeeding Jeremy Nixon at the helm of the global container carrier.
In remarks to the press, Barrelet identified two core priorities: strengthening the company's financial results and advancing the ONE2030 strategy with renewed urgency. The company's financial trajectory supports this ambition. According to projections disclosed by ONE in August, the carrier anticipates fiscal year 2026 operating revenue of approximately USD 19.4 billion, underpinned by rising freight rates and robust cargo demand. EBITDA is forecast at approximately USD 3.6 billion, EBIT at approximately USD 1.1 billion, and net profit at approximately USD 900 million.
On the capacity front, Barrelet has set an unambiguous target: to grow ONE's container fleet from its current approximately 2.2 million TEU to 3 million TEU by 2030. To achieve this, ONE will continue to order newbuildings and secure chartered tonnage, with the deliberate objective of assembling a fleet that is both modern and cost-competitive.
Geographically, ONE intends to deepen its presence in high-growth emerging markets - specifically Africa, India, and Latin America - while simultaneously elevating service quality in Japan and across Asia, markets where the company already holds a competitive advantage and where it will seek to expand its share further.
These commitments - spanning fleet investment, financial discipline, and market expansion - reflect not merely an operational agenda but a coherent long-term vision for ONE's place at the forefront of global container shipping.
