With changing cargo demands across global markets and an early lunar new year speed bump, the last calendar quarter of 2022 witnessed much weaker cargo demand when compared with the same quarter in 2021. At ONE, we continue to press ahead in our network developments and sustainability measures, enhancing our digital services and improving our operation excellence with our acquisition of 3 container terminals in the US West Coast. We updated the “ONE INITIATIVE” at the end of FY 2022 Q3.

Ocean Network Express (ONE) is pleased to announce that we will launch 3 new Southeast Asia to Australia Services. These services will be a direct replacement of our existing services in order to improve service reliability. ONE will continue to deploy our vessels on the services, which are expected to start from early March, subject to regulatory approvals.

Ocean Network Express (ONE) is pleased to announce that the Maputo/Mombasa India Middle East service (MIM) will increase its sailing frequency from fortnightly to weekly in January 2023. In line with this change, ONE will be deploying our vessels to the MIM service.

Ocean Network Express (ONE) is pleased to announce details of the new Altiplano Service (ATS). Connecting Arica and Iquique (Chile) from Callao (Peru), the new ATS service offers extended Northern Chilean coverage.

Ocean Network Express (“ONE”) has signed definitive agreements to acquire a 51% stake in each of TraPac LLC (“TraPac”) and Yusen Terminals LLC (“YTI”), currently held by Mitsui O.S.K. Lines, Ltd. and Nippon Yusen Kabushiki Kaisha respectively. TraPac is a container terminal operator and vessel stevedore that provides container terminal services in Los Angeles and Oakland. YTI is a container terminal operator and vessel stevedore that provides container terminal services in Los Angeles.

THE Alliance’s network has been reconfigured to ensure the most comprehensive port coverage to maximize the satisfaction of the member lines’ customers. The enhanced service setup will enter into effect from April 2023.

The award ceremony for the ONE Marine Safety and Quality Campaign 2022 (August to September 2022) was held on November 24th, 2022, onboard the ONE Helsinki in Singapore.

Ocean Network Express (“ONE”), together with partners forming Poseidon Acquisition Corp, has announced that they have entered into a definitive agreement with Atlas Corp(NYSE:ATCO), under which Poseidon will acquire Atlas in an all-cash transaction.

The global economy continues to come under pressure from high energy costs, rising interest rates and inflation. Whilst supply chain bottlenecks continue to impact some geographies and industry sectors. Overall though, inland and port logistics fluidity continues to improve. At ONE, we continue to enhance our end to end customer journey, decarbonize our supply chain and reconnect face to face with our staff, customers and business partners as Covid 19 travel restrictions roll back.

Ocean Network Express (ONE) is pleased to announce the launch of the enhanced new ONE QUOTE, allowing for a seamless customer experience
when using ONE’s eCommerce website.