JAPAN'S Singapore-headquartered Ocean Network Express (ONE) signed ship building contracts with Hyundai Heavy Industries Co Ltd and Nihon Shipyard Co Ltd to construct 5 vessels each, adding a total of ten modern very large container ships (VLCS) to ONE's fleet.
A company statement said the ships will have a nominal capacity of more than 13,700 TEU and are to be delivered in 2025.
"This investment embodies ONE's Midterm Strategy announced in March, to safeguard a sustainable supply chain for the future and underscore ONE's green strategy and decarbonisation plan," the company said.
The ships will be both ammonia - and methanol-ready on delivery, with ONE also looking at adding carbon capture and storage technology on the newbuilds.
In addition, this fleet will enable ONE to broaden the exploration of long-term alternative fuels and decarbonisation technologies in the future.
The company said that ONE is determined to become a leader in maritime decarbonisation and remains fully committed to achieving sustainable marine transportation by achieving carbon neutrality by 2050. "The company will continue to make necessary investments in greener assets and technologies, whilst engaging in open collaboration with industry stakeholders".
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