WITH more than one new containership delivering every single day this year, the avalanche of box newbuilds shows no sign of easing, despite analyst overcapacity concerns.
Japan's Ocean Network Express (ONE), the world's sixth largest liner, has announced a medium-term business plan to grow its operated fleet to 3 million TEU by 2030, at an annualized growth rate of 10 per cent a year.
Including its orderbook today, the ONE fleet stands at around 2.3 million TEU. The US$25 billion fleet expansion outlay was described as 'aggressive' by analysts at Asia-based consultancy Linerlytica.
'The move by ONE represents a belated attempt to regain market share, after successive years of sub-par growth,' Linerlytica stated in its latest weekly report.
Since the formation of ONE was first announced in 2016, the consolidated Japanese carrier has grown its fleet by just 30 per cent in the last seven years compared to market growth of 40 per cent over the same period.
Linerlytica suggested other carriers likely 'to play catch-up' with orders soon include Maersk and Hapag-Lloyd.
Currently there are just four companies in the world who can boast a fleet in excess of 3 million TEU: COSCO, CMA CGM, Maersk and MSC, the latter on track to surpass 6 million TEU soon, according to Singapore's Splash 247.
SeaNews Turkey
Japan's Ocean Network Express (ONE), the world's sixth largest liner, has announced a medium-term business plan to grow its operated fleet to 3 million TEU by 2030, at an annualized growth rate of 10 per cent a year.
Including its orderbook today, the ONE fleet stands at around 2.3 million TEU. The US$25 billion fleet expansion outlay was described as 'aggressive' by analysts at Asia-based consultancy Linerlytica.
'The move by ONE represents a belated attempt to regain market share, after successive years of sub-par growth,' Linerlytica stated in its latest weekly report.
Since the formation of ONE was first announced in 2016, the consolidated Japanese carrier has grown its fleet by just 30 per cent in the last seven years compared to market growth of 40 per cent over the same period.
Linerlytica suggested other carriers likely 'to play catch-up' with orders soon include Maersk and Hapag-Lloyd.
Currently there are just four companies in the world who can boast a fleet in excess of 3 million TEU: COSCO, CMA CGM, Maersk and MSC, the latter on track to surpass 6 million TEU soon, according to Singapore's Splash 247.
SeaNews Turkey
