ONE expands its fleet with eight huge vessels and opens up for newbuilds

The industry upturn has spurred ONE to incorporate eight new large charter vessels in its total fleet in 2020-2021. Three of these were sailing for PIL. CEO Jeremy Nixon says in an interview with ShippingWatch that there could also be newbuilds in store.

Photo: ONE, Jeremy Nixon

If there is one single container carrier which has reaped most of the benefits from the upturn since July, it could well be Ocean Network Express (ONE).

Not only has the Singapore-based shipping line enjoyed the general, incredible ride since the rates rebounded this summer and went through the roof in September and October, which has yet to change by mid-November, according to ONE’s CEO Jeremy Nixon.

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