Ocean Network Express (ONE)

The Ocean Network Express (ONE) is a shipping company that is jointly owned by three Japanese shipping companies; Nippon Yusen Kaisha (NYK), Mitsui O.S.K. Lines (MOL), and K Line, established on July 7,2017. The shipping alliance was forged during a period of intense mergers and acquisitions throughout the ocean freight industry which was, at the time, suffering from overcapacity and weak demand. NYK controls a 38% stake of the joint venture, while MOL and K Line own 31% each.

Ocean Network Express is the sixth largest ocean freight fleet in the world with 1,590,000 TEUs worth of capacity. The operations are shared between the three holding companies through a total of 224 vessels, including 31 super-large ships, as well as the world’s largest 20,000TEU container-ship, the MOL Triumph.

Ocean Network Express as a Part of THE Alliance

For much the same reason as the founding of ONE, Transport High Efficiency (THE) Alliance was created to facilitate two elements that ocean carriers compete on: low prices and broad service coverage, during a time of uncertainty in the ocean freight industry.

THE Alliance was originally launched in 2017 and consists of ONE, Hapag-Lloyd, and Yang Ming. The shipping alliance also included Hanjin Shipping, before its collapse in August of 2016
As of January 2020, THE Alliance also welcomed Hyundai Merchant Marine (HMM) into their ranks. The total combined capacity allows THE Alliance to handle upwards of a third of the global ocean freight capacity.

Ocean Network Express Tracking

As a conglomeration of several separate shipping companies and part of one of the world’s largest shipping alliances, Ocean Network Express has a considerable amount of moving pieces to keep track of. Shippers can follow Ocean Network Express vessels and receive real-time information about their containers during transit. Learn more about Ocean Insight’s container track and trace program and how you can effortlessly incorporate high visibility into your supply chain.