New management will take the helm at Japanese shipowner K Line at the start of April next year as the company celebrates its 100th anniversary.
Container line joint venture Ocean Network Express (ONE) dragged down all of Japan’s big three shipowners in the first half of FY2018 with both NYK and K Line in the red.
New Japanese container line joint Ocean Network Express (ONE) is forecast to lose $600m in its first year of operation with lower than expected volumes caused by issues with its IT systems and higher than expected fuel costs.
Japanese shipowner K Line is set to use a variety of methods including low sulphur fuel and scrubbers to comply with the IMO's 0.5% global sulphur cap in 2020.
Japan's big three shipowners – NYK, Mitsui OSK Lines (MOL) and K Line – all reported first quarter losses hit by the start-up of container line joint venture Ocean Network Express (ONE).
There haven't been too many reasons to celebrate in container shipping in recent times but the official reception of Ocean Network Express or ONE in Singapore on Thursday evening saw the company setting sail in blaze of magenta branding with the strong statement of “As One, We Can”.
Ocean Network Express’ (ONE) first 14,000 teu newbuild to bear the joint venture’s distinctive magenta branding ONE Stork has made its maiden call in Hong Kong.
Kawasaki Kisen Kaisha (K Line), Chubu Electric Power, Toyota Tsusho Corporation and Nippon Yusen Kabushiki Kaisha (NYK Line) have officially set up two joint ventures to launch a liquefied natural gas (LNG) bunkering business in Japan’s central Chubu region.
New kid on the block in the container trades Japanese joint venture Ocean Network Express (ONE) will face challenges of taking on a new brand identity says iContainers.
New Japanese container line joint venture Ocean Network Express (ONE) has announced senior regional management appointments drawing executives from the three partner companies.