JAPANESE owned, but Singapore based Ocean Network Express (ONE) is investing US$20 billion on new containership and terminal acquisitions over the next eight years, reports London's Loadstar.
ONE chief executive Jeremy Nixon declared 150,000 TEU of newbuilding investments would be made annually to 2030.
"We're just starting to order ships as ONE. We have leased 38 vessels, which will be deployed from 2023 to 2025, and that's about 500,000 TEU," said Mr Nixon.
"That process will replace ships due to come off-charter and help to improve our overall efficiency in slot costs and reduce our carbon footprint."
Ships on long-term lease comprise six of 24,000 TEU, fourteen 15,000 TEUers, eight 12,000 TEUers, and ten 7,000 TEUers.
ONE is finalising orders for ten 13,000 TEU ships to be equally split between Imabari Shipbuilding in Japan and Hyundai Heavy Industries in South Korea.
"Last year, 75 per cent of our fleet was chartered from our shareholders and, by 2030, this will be reduced to 20 per cent. This is why we need to replenish our future ship requirements," said Mr Nixon.