Ocean Network Express Holdings, Ltd., branded as ONE, is a Japanese container transportation and shipping company jointly owned by the Japanese shipping Lines Nippon Yusen Kaisha, Mitsui O.S.K. Lines, and K Line. Launched in 2017 as a joint venture, ONE inherited the container shipping operations of its parent companies, corresponding to a combined fleet capacity of about 1.4 million TEU.[3]
History
ONE was founded in 2016 as a joint venture between Nippon Yusen Kaisha (NYK), Mitsui O.S.K. Lines (MOL), and K Line. The company was formed as part of a larger process of consolidation that was occurring in the container shipping industry at that time, affected by poor profits and surplus capacity.[4] It merged the container shipping divisions of the three companies, forming the sixth-largest container shipping company in the world at that time. NYK controls a 38% stake of the joint venture, while MOL and K Line own 31% each.