SUSTAINABLE profitability is the goal of Japanese-owned but Singapore-based Ocean Network Express (ONE) by investing in the container shipping value chain and expediting decarbonisation, according to its CEO Jeremy Nixon, reports New York's Journal of Commerce.
ONE has dedicated its investments over the last three years to expanding its terminal portfolio and procuring environmentally friendly vessels. Mr Nixon confirmed that this focus on expansion and sustainability will persist throughout the coming decade.
'We're looking to invest in other ancillary businesses, and a good example are container terminals,' he said.
'We will look to bring more container terminals on board in due course, primarily starting with those which are already partially owned by our legacy companies and get those onto our balance sheet. Where it makes sense strategically, we will also invest in some key gateways.'
ONE has invested in three terminals on the US west coast, acquiring stakes in facilities in Los Angeles and Oakland that were held by Mitsui OSK Lines (MOL), NYK Line and 'K' Line.
ONE was formed in 2017 from the merger of the container shipping operations of those three Japanese carriers, but the agreement to create ONE did not cover terminal operations and non-container vessel services.
SeaNews Turkey
ONE has dedicated its investments over the last three years to expanding its terminal portfolio and procuring environmentally friendly vessels. Mr Nixon confirmed that this focus on expansion and sustainability will persist throughout the coming decade.
'We're looking to invest in other ancillary businesses, and a good example are container terminals,' he said.
'We will look to bring more container terminals on board in due course, primarily starting with those which are already partially owned by our legacy companies and get those onto our balance sheet. Where it makes sense strategically, we will also invest in some key gateways.'
ONE has invested in three terminals on the US west coast, acquiring stakes in facilities in Los Angeles and Oakland that were held by Mitsui OSK Lines (MOL), NYK Line and 'K' Line.
ONE was formed in 2017 from the merger of the container shipping operations of those three Japanese carriers, but the agreement to create ONE did not cover terminal operations and non-container vessel services.
SeaNews Turkey
