Ocean Network Express (ONE), a container line, has laid out a $20 billion investment plan over the next ten years, the majority of which would go toward new vessels to help meet decarbonisation goals. Jeremy Nixon, CEO of ONE, presented the $20 billion investment plan during an online briefing. A little more than half of the money would go toward new buildings, with the rest going toward terminals, technology, and other areas like containers. The annual investment strategy would be roughly $2 billion. “We’ve been aggressive in terms of acquiring medium to long term, charter tonnage since 2020 and 2021,” Nixon said of new vessels. ONE has already contracted 38 vessels, ranging in size from 7,000 to 24,000 teu, to be delivered into its fleet between 2020 and 2024. “So that process has already started, and those assets will start to come online quite soon and replace ships that are due to come off charter, and also help to improve our overall efficiency and slot cost and also improve our carbon intensity, as well reducing making us greener in terms of our footprint,” he explained.
