JAPANESE-OWNED but Singapore-based Ocean Network Express (ONE) is the latest major containership announcing a larger newbuilding programme, ordering 10 containerships in its expansion strategy, reports Fort Lauderdale's Maritime Executive.
The order represent a nine per cent increase in the line's current capacity. ONE signed shipbuilding contracts with Hyundai Heavy Industries and Nihon Shipyard. The ten ships will be delivered in 2025.
Each yard will build five ships and each of the box ships will have a capacity of 13,700 TEU.
Others have been expanding their newbuilding efforts with larger vessels at 15,000 or 18,000 TEU and the largest carriers are pushing the limits to 24,000 TEU.
ONE previously are committed to six 24,000-TEU vessels due to join the fleet in 2023 and 2024.
ONE declared that while it is "determined to become a leader in maritime decarbonisation and remains fully committed to achieving sustainable marine transportation," it is moving with conventionally fueled vessels.
However, they are seeking to protect their investment by making the new vessels ready for future conversion to alternative fuels.
ONE chief executive Jeremy Nixon declared that between 2020 and 2024 the company has commitments to add 38 vessels with a total capacity of 520,000 TEU.
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