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Investment in ONE Container Shipping Alliance Complete

ONE container ship

By MarEx 2018-04-03 00:36:50

The Japanese container shipping alliance Ocean Network Express (ONE) commenced operation on April 1, and the alliance members have now completed their investment payments

The total investment made by Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kabushiki Kaisha (NYK) was $3 billion with K Line contributing 31 percent, MOL contributing 31 percent and NYK contributing 38 percent.

The alliance will operate around 230 vessels with a total capacity of 1.44 million TEUs. The vessels will operate on 85 services, calling at over 200 ports in 100 countries.

The alliance has tasked five senior executives with building the business.

“To be a truly global organization and shipping line, ONE believes its work force should have people with international orientation, outlook and background to ensure the service quality that we give is really supporting the global trade and more importantly, to make sure that ONE can really come across as one team globally to service the customers,” said Jeremy Nixon, Chief Executive Officer of ONE. “These regional executives bring to us their diverse experience and will significantly contribute to the operations and business growth of ONE globally.”

Shunichiro Mizukami: currently the Managing Director, Region Head of East Asia, Ocean Network Express (East Asia), domiciled in Hong Kong. The area of his responsibility covers East Asia region, including China, Hong Kong, Japan, Korea, Taiwan and Vietnam.

Colin de Souza: currently the Region Head of South Asia, Ocean Network Express, domiciled in Singapore. The area of his responsibility covers South Asia region, including Indian Sub-Continent, the Middle East, Oceania and South East Asia.

Jotaro Tamura: currently the Managing Director, Region Head of Europe and Africa, Ocean Network Express (Europe), domiciled in U.K. The area of his responsibility covers Europe and Africa regions.

Nobuo Ishida: currently the President, Region Head of North America, Ocean Network Express (North America), domiciled in the U.S. The area of his responsibility covers the U.S. and Canada.

Peter Duifhuizen: currently the President, Region Head of Latin America, Ocean Network Express (Latin America), domiciled in Brazil. The area of his responsibility covers Latin America.