ShippingWatch

Japan's ONE projects billion dollar savings after half-year deficit

There were difficulties during the launch phase, but recently merged Japanese liner company Ocean Network Express still believes in cost savings totaling a little more than USD 1 billion.

Photo: Ocean Network Express

Despite challenging launch difficulties, newly merged Japanese liner shipping company Ocean Network Express, ONE, maintains its ambitions to reach more than USD 1 billion in cost savings.

The ONE joint venture is built on a merger of the container activities of the three major Japanese shipping companies Mitsui O.S.K. Lines, Kawasaki Kisen Kaisha and Nippon Yusen Kaisha, and the venture was launched on April 1 this year at the beginning of the Japanese fiscal year.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

"Mixed lobbying" hinders Maersk from elite status on climate efforts

Think tank InfluenceMap has mapped out how well global companies like Unilever, Ikea and Maersk are performing in terms of meeting climate requirements and whether their words match their deeds. Ambiguous communication stands in the way of Maersk reaching the top, the think tank explains to ShippingWatch.

Danske Bank makes commitment to CO2 neutral loan portfolio by 2050

By 2050 at the latest, Danske Bank's loan portfolio must be fully CO2 neutral. The bank, which provides loans to shipping as well as the oil and gas sector and also supports the Poseidon Principles, isn't ready yet to set out short-term intermediate targets on the road towards CO2 neutrality.

Further reading

Related articles

Trial banner

Latest news

See all jobs