Announced details
Maritime shipping, vessel leasing, decarbonization and improved environmental performance, and strengthening the competitiveness of Japan's shipbuilding industry
Cumulative total of 10 newly built container ships under JOLCO transactions for ONE. Orders received since 2024
A transaction in which ONE is the lessee. FPG serves as the equity arranger for this transaction and for previous JOLCO transactions involving newly built container ships for ONE. Capital and personnel relationships are Not disclosed
An international container shipping company whose shareholders are Nippon Yusen Kabushiki Kaisha, Mitsui O.S.K. Lines, and Kawasaki Kisen Kaisha. It has the world's sixth-largest fleet. Other information, including its location, representative, capital, and year of establishment, is Not disclosed
Designation as a specified advanced vessel
Ministry of Land, Infrastructure, Transport and Tourism
Japanese shipyards. Specific locations are Not disclosed
The impact on consolidated earnings forecasts has already been incorporated
The company does not address Contract Value / Offering price.
| Item | Details |
|---|---|
| Names of Products / Services Covered | Lease fund transaction under a Japanese-style operating lease with call option (JOLCO) scheme covering 13,700-TEU newly built container ships |
| Counterparty | Ocean Network Express Pte. Ltd. (ONE) |
| Counterparty overview | An international container shipping company whose shareholders are Nippon Yusen Kabushiki Kaisha, Mitsui O.S.K. Lines, and Kawasaki Kisen Kaisha. It has the world's sixth-largest fleet. Other information, including its location, representative, capital, and year of establishment, is Not disclosed |
| Relationship with the Company | A transaction in which ONE is the lessee. FPG serves as the equity arranger for this transaction and for previous JOLCO transactions involving newly built container ships for ONE. Capital and personnel relationships are Not disclosed |
| Launch date | Vessels are scheduled for sequential completion from July 2026, with all 4 expected to be completed by October 2026. 2 vessels are scheduled for delivery during the fiscal year ending September 2026 |
| Applicable area | Maritime shipping, vessel leasing, decarbonization and improved environmental performance, and strengthening the competitiveness of Japan's shipbuilding industry |
| Award/certification name | Designation as a specified advanced vessel |
| Awarding / certifying body | Ministry of Land, Infrastructure, Transport and Tourism |
| Location | Japanese shipyards. Specific locations are Not disclosed |
| Location scale | 4 13,700-TEU container ships |
| Usage history | Cumulative total of 10 newly built container ships under JOLCO transactions for ONE. Orders received since 2024 |
| Impact on Business Performance | The impact on consolidated earnings forecasts has already been incorporated |
Items this document does not state (6)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The transaction aligns with policy objectives to strengthen the international competitiveness of the maritime industry and improve environmental performance by having the vessels built at Japanese shipyards and using components supplied by certified Japanese manufacturers. It is also supported by FPG's ongoing business relationship with ONE and its structuring capabilities.