Ocean Network Express Holdings, Ltd. (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. 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. 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. More information...
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