Ocean Network Express (ONE) announced an aggressive midterm plan on 19 March to grow its operated fleet to 3 million TEUs by 2030, representing a 66% growth from its current fleet at an annualised growth rate of 10% per year.
The plan will demand capital investments of US$25 billion and a further US$10 billion in associated assets over the next five years, which could also include the transfer of some of the assets from its three shareholders, NYK, MOL and K Line.
ONE’s move represents a “belated...
https://container-news.com/carriers-playing-catch-up-to-further-tilt-supply-demand-imbalance/