Integration of Liner Containership Businesses by Three Japanese Shipping Companies
First written in FY2017-Q2. 22 of 38 entries say "Advanced", first in FY2018-Q1. Latest entry: 2026-10-29.
0 other companies' latest entry also says "Advanced".
- FY2026Lower full-year earnings at ONEAnnual report
「ONE’s freight market conditions also declined, resulting in a profit level below that of the previous consolidated fiscal year.」
ONE’s full-year profit level fell below that of the previous year due to weaker freight market conditions, while our equity-method investment income declined from ¥293.3 billion in the previous year to ¥85.0 billion. - 2026-05-11OtherEarnings
「ONE社においても、運賃市況が下落した結果、利益水準は前年度を下回りました。」
定期コンテナ船事業統合後のONE社について、運賃市況の下落により利益水準が前年度を下回った。 - FY2026-H1Lower earnings at ONEAnnual report
「ONE’s freight rates also declined year on year in the interim period, resulting in a profit level below that of the same interim period of the previous year.」
Following the integration of the liner container shipping businesses, ONE’s interim profit level fell below that of the same interim period of the previous year due to lower freight rates. - FY2025AdvancedAnnual report
「In the container shipping business, our group is a member of the Premier Alliance, a strategic partnership with other shipping companies.」
The description was changed from the former THE Alliance to the current partnership framework, under which the company is a member of the Premier Alliance. - FY2025-H1AdvancedAnnual report
「ONE’s freight rates also rose year on year in the interim period, resulting in a profit level substantially above that of the same interim period of the previous year.」
ONE’s profit level was substantially above that of the same interim period of the previous year due to higher freight rates, and concrete improvements are emerging in its earnings base following the integration. - FY2024Lower full-year earnings at ONEAnnual report
「ONE’s freight rates also fell sharply for the full year, resulting in a profit level below that of the previous consolidated fiscal year.」
ONE’s lower freight rates caused full-year profit and our equity-method investment income to decline from the high levels recorded in the previous year. - FY2024-Q3Continued decline in ONE’s profit levelAnnual report
「ONE’s freight rates also fell sharply, resulting in a profit level below that of the same quarter of the previous year.」
ONE’s profit level fell below that of the same period of the previous year due to a substantial decline in freight rates. Equity-method investment income was ¥33.7 billion. - FY2024-Q2Continued decline in ONE’s profit levelAnnual report
「ONE’s freight rates also declined year on year, resulting in a lower profit level.」
ONE’s profit level declined year on year due to lower freight rates, while our equity-method investment income was ¥37.3 billion. - FY2024-Q1Lower earnings at ONEAnnual report
「In the containership segment, at ONE, falling spot freight rates resulting from weak global cargo demand and the easing of port congestion affected contract renewals and reduced profit levels.」
ONE’s profit level declined year on year, due to lower spot freight rates resulting from sluggish cargo demand and easing port congestion. - FY2023AdvancedAnnual report
「An equity-method investment gain of ¥811.9 billion was recorded in non-operating income, of which ¥770.3 billion was the equity-method investment gain from OCEAN NETWORK EXPRESS PTE. LTD. (“ONE”), an equity-method affiliate of the Company, for the current consolidated fiscal year.」
ONE’s improved earnings made a significant contribution to the full-year results, and an equity-method investment gain of ¥770.3 billion was recorded during the current fiscal year. - FY2023-Q3AdvancedAnnual report
「In addition, due mainly to the strong performance of OCEAN NETWORK EXPRESS PTE. LTD. (“ONE”), an equity-method investment gain of ¥745.1 billion was recorded in non-operating income. Of this amount, the equity-method investment gain from ONE was ¥711.3 billion.」
Due to ONE’s strong performance, an equity-method investment gain of ¥711.3 billion from the company was recorded for the 9-month cumulative period. - FY2023-Q2AdvancedAnnual report
「In addition, due mainly to the strong performance of OCEAN NETWORK EXPRESS PTE. LTD. (“ONE”), an equity-method investment gain of ¥572.6 billion was recorded in non-operating income. Of this amount, the equity-method investment gain from ONE was ¥551.6 billion.」
Due to ONE’s strong performance, an equity-method investment gain of ¥551.6 billion from the company was recorded for the cumulative second-quarter period. - FY2023-Q1AdvancedAnnual report
「In addition, due mainly to the strong performance of OCEAN NETWORK EXPRESS PTE. LTD. (“ONE”), an equity-method investment gain of ¥274.3 billion was recorded in non-operating income. Of this amount, the equity-method investment gain from ONE was ¥264.4 billion.」
Due to ONE’s strong performance, an equity-method investment gain of ¥264.4 billion from the company was recorded in the first quarter. - FY2022AdvancedAnnual report
「In addition, due mainly to the strong performance of ONE, an equity-method investment gain of ¥742.6 billion was recorded in non-operating income. Of this amount, the equity-method investment gain from ONE was ¥713.7 billion for the current consolidated fiscal year and ¥222.4 billion for the fourth quarter of the current consolidated fiscal year.」
The improvement in ONE’s earnings was reflected even more clearly in the full-year results, and an equity-method investment gain of ¥713.7 billion from the company was recorded during the current fiscal year. - FY2022-Q3AdvancedAnnual report
「In addition, due mainly to the strong performance of OCEAN NETWORK EXPRESS PTE. LTD. (“ONE”), an equity-method investment gain of ¥513.8 billion was recorded in non-operating income. Of this amount, the equity-method investment gain from ONE was ¥491.3 billion.」
Due to ONE’s strong performance, an equity-method investment gain of ¥491.3 billion from the company was recorded for the cumulative third-quarter period. - FY2022-Q2AdvancedAnnual report
「In addition, due mainly to the strong performance of OCEAN NETWORK EXPRESS PTE. LTD. (“ONE”), an equity-method investment gain of ¥295.1 billion was recorded in non-operating income. Of this amount, the equity-method investment gain from ONE was ¥282.3 billion.」
Due to ONE’s strong performance, an equity-method investment gain of ¥282.3 billion from the company was recorded for the cumulative second-quarter period. - FY2022-Q1AdvancedAnnual report
「In addition, due mainly to the strong performance of OCEAN NETWORK EXPRESS PTE. LTD. (“ONE”), an equity-method investment gain of ¥113.3 billion was recorded in non-operating income. Of this amount, the equity-method investment gain from ONE was ¥106.7 billion.」
Due to ONE’s strong performance, an equity-method investment gain of ¥106.7 billion from the company was recorded in the first quarter, further advancing the improvement in earnings following the integration. - FY2021AdvancedAnnual report
「In addition, due mainly to improved earnings at ONE, an equity-method investment gain of ¥155.9 billion was recorded in non-operating income. Of this amount, the equity-method investment gain from ONE was ¥140.0 billion for the current consolidated fiscal year and ¥74.4 billion for the fourth quarter of the current consolidated fiscal year.」
ONE’s earnings improved significantly, and an equity-method investment gain of ¥140.0 billion from the company was recorded during the current fiscal year. The improvement in earnings following the integration was clearly reflected in the full-year results. - FY2021-Q3AdvancedAnnual report
「In the third quarter, cargo movements recovered sharply as demand for medical supplies and consumer goods driven by stay-at-home demand increased further. Along with shortages of vessel capacity and empty containers, congestion emerged at ports and inland locations, resulting in tight supply and demand. With the sharp recovery in cargo volumes, both cargo volume and space utilization on the major North American route exceeded the levels of the same quarter of the previous year. On the European route, cargo volume was below the year-earlier level, but space utilization was high. Freight rates on both routes remained substantially above the year-earlier levels as short-term freight market conditions surged, resulting in a significant increase in profit.」
At ONE, cargo movements recovered sharply due to demand for medical supplies, stay-at-home demand and other factors, and cargo volume and space utilization on the North American route exceeded the year-earlier levels. The European route also maintained a high space utilization rate, and profit increased significantly on the back of higher freight rates on both routes. - FY2021-Q2Lower cargo volume during the pandemic, with improved profitability by routeAnnual report
「In the container shipping segment, OCEAN NETWORK EXPRESS PTE. LTD. (“ONE”) experienced a year-on-year decline in cargo volume because of a global decrease in cargo volumes resulting from the spread of COVID-19. On the major North American route, freight rates and space utilization exceeded the levels of the same quarter of the previous year and contributed significantly to improved earnings. On the European route, cargo volume was below the level of the same quarter of the previous year, but a high space utilization rate was maintained.」
ONE’s cargo volume declined because of the global decrease in cargo volumes caused by the infectious disease, while freight rates and space utilization on the North American route exceeded the year-earlier levels and a high space utilization rate was maintained on the European route. - FY2021-Q1AdvancedAnnual report
「On the major North American and European routes, cargo volume was below the level of the same quarter of the previous year, but space utilization and freight rates remained above the level of the same quarter of the previous year, resulting in a significant improvement in earnings.」
While ONE’s overall cargo volume declined by more than 10% because of the spread of the infectious disease, space utilization and freight rates on the North American and European routes exceeded the year-earlier levels, resulting in a significant improvement in earnings. - FY2020AdvancedAnnual report
「In its second year since commencing operations, OCEAN NETWORK EXPRESS PTE. LTD. (“ONE”) improved cargo volume and space utilization, advanced the optimization of cargo composition, routes and vessel deployment as planned, substantially improved earnings and recorded a profit.」
In its second year of service, ONE improved cargo volume and space utilization, advanced the optimization of cargo composition, routes and vessel deployment, and became profitable. - FY2020-Q3Cargo volume and space utilization remained solid despite lower third-quarter demand and freight ratesAnnual report
「In the container shipping segment, overall cargo volume and space utilization at Ocean Network Express Pte. Ltd. (ONE) remained steady, with cargo volume increasing on intra-Asian routes in addition to the major North American and European routes, but growth stalled in the third quarter because of seasonal demand weakness and the impact of the US-China trade dispute. Meanwhile, the Company continued to implement improvement measures, including accumulating integration synergies and optimizing cargo composition, to improve profitability, resulting in a significant improvement in earnings.」
ONE’s cargo volume and space utilization remained solid on the major routes and within Asia, but growth stalled in the third quarter because of weaker demand and other factors. The Company continues to accumulate integration synergies and optimize cargo composition. - FY2020-Q2AdvancedAnnual report
「In the container shipping segment, Ocean Network Express Pte. Ltd. (ONE) maintained steady overall cargo volume and space utilization, with cargo volume increasing on intra-Asian routes in addition to the major North American and European routes.」
ONE’s cargo volume and space utilization recovered steadily, and cargo volume increased on intra-Asian routes as well as the North American and European routes. - FY2020-Q1AdvancedAnnual report
「In the container shipping segment, OCEAN NETWORK EXPRESS PTE. LTD. (“ONE”) saw steady recovery in overall cargo volume and space utilization, with cargo volume increasing on intra-Asian routes in addition to the major North American and European routes. Freight rates on both the North American and European routes remained strong compared with the same quarter of the previous year. The Company also continued to implement improvement measures, including accumulating integration synergies and optimizing cargo composition.」
ONE’s cargo volume and space utilization recovered steadily, and cargo volume increased on intra-Asian routes as well as the major routes. Measures to realize integration synergies and optimize cargo composition are also continuing. - FY2019Service disruptions subsided, but a loss was still recordedAnnual report
「Cargo volume and space utilization declined because of service disruptions immediately after operations began in April, but the disruption subsided in the first quarter, and cargo volume and space utilization on westbound voyages improved significantly from July.」
ONE’s service disruption subsided in the first quarter and cargo volume and space utilization improved, but the liner shipping business recorded a loss for the fiscal year. - FY2019-Q3AdvancedAnnual report
「Cargo volume and space utilization declined following service disruptions immediately after operations began, and although they improved significantly through the third quarter, a loss was recorded.」
Regarding the disruption immediately after ONE’s service launch, cargo volume and space utilization improved significantly through the third quarter, but a loss remained. - FY2019-Q2Deterioration in earnings due to service disruptions and realization of synergiesAnnual report
「While the synergies from the business integration have steadily emerged, cargo volume and space utilization declined because of service disruptions immediately after operations began in April. Although efforts were made to recover during the peak cargo season from July to September, the effects continued on the main North American routes and on intra-Asian routes, and performance remained below expectations.」
While synergies from the ONE integration emerged, disruption immediately after the service launch led to lower cargo volume and space utilization, and performance fell short of expectations. - FY2019-Q1Issues after the integrated company’s service launch and progress on improvementsAnnual report
「Immediately after the service launch, administrative issues arose because employees were not sufficiently familiar with the systems and business processes were not adequately prepared. Various improvement measures have been implemented, and operations are gradually returning to normal.」
Administrative issues arose after ONE’s service launch because employees were insufficiently familiar with the systems and business processes were inadequately prepared, but improvement measures have been implemented and normalization is progressing. - FY2018AchievedAnnual report
「The Company integrated its liner container shipping business with Kawasaki Kisen Kaisha,Ltd. and Mitsui O.S.K.Lines,Ltd., and the new company, OCEAN NETWORK EXPRESS PTE. LTD., commenced services in April 2018.」
A company integrating the liner container shipping businesses of the 3 Japanese shipping companies was established, and services commenced on 1 April 2018. - FY2018-Q3AdvancedAnnual report
「To further enhance its competitiveness in the market and operate the container shipping business in a stable and sustainable manner, the Company is proceeding with the integration of its liner container shipping business, including overseas terminal operations, with Kawasaki Kisen Kaisha,Ltd. and Mitsui O.S.K.Lines,Ltd. All competition-law approval procedures in the relevant countries and regions required for the launch of the new service by OCEAN NETWORK EXPRESS PTE. LTD. (“ONE”), the new integrated company established in July 2017, have been completed. Other integration work is also progressing smoothly, and the 3 companies continue to prepare jointly for the service launch in April 2018.」
All competition-law approval procedures in the relevant countries and regions required for ONE’s new service launch were completed, and integration work progressed toward the service launch in April 2018. - FY2018-Q2AdvancedAnnual report
「OCEAN NETWORK EXPRESS PTE. LTD. (“ONE”), the operating company that would conduct the integrated business, was established in Singapore on 7 July 2017 and classified as an equity-method affiliate from the second quarter of the current consolidated fiscal year. The company is preparing to commence services as ONE on 1 April 2018.」
The operating company ONE was established following the integration and became an equity-method affiliate from the second quarter. Preparations for the scheduled service launch on 1 April 2018 are continuing. - FY2018-Q1AdvancedAnnual report
「To further enhance its competitiveness in the market and operate the container shipping business in a stable and sustainable manner, the Company announced the integration of its liner container shipping business, including overseas terminal operations, with Kawasaki Kisen Kaisha,Ltd. and Mitsui O.S.K.Lines,Ltd. OCEAN NETWORK EXPRESS PTE. LTD., the new operating company, was established on 7 July 2017, and preparations are under way for it to commence services on 1 April 2018.」
OCEAN NETWORK EXPRESS PTE. LTD. was established on 7 July 2017 in preparation for the integration of the 3 Japanese shipping companies. Preparations for the scheduled service launch on 1 April 2018 are continuing. - FY2017RestatedAnnual report
「The joint venture for the business integration was scheduled to be established on 1 July 2017, and services for the liner container shipping business were scheduled to commence through the joint venture on 1 April 2018. The 3 companies were jointly preparing for these milestones. The planned outline of the joint venture was total contributions of approximately ¥300 billion, with ownership ratios of Kawasaki Kisen Kaisha,Ltd. 31%, Mitsui O.S.K.Lines,Ltd. 31% and the Company 38%.」
The schedule for establishing the joint venture and commencing services, the contribution amount and ownership ratios, and the continuation of joint preparations for the integration of the 3 Japanese shipping companies were reaffirmed. - FY2017-Q3RestatedAnnual report
「The joint venture for the business integration was scheduled to be established on 1 July 2017, and services for the liner container shipping business were scheduled to commence through the joint venture on 1 April 2018. The 3 companies were jointly preparing for these milestones.」
The schedule for establishing the joint venture and commencing services, as well as the joint preparations, for the integration by the 3 Japanese shipping companies was reaffirmed. - FY2017-Q2First statedAnnual report
「Based on a resolution of the Board of Directors dated 31 October 2016, the Company entered into a business integration agreement and a shareholders’ agreement with Kawasaki Kisen Kaisha,Ltd. (head office: Chiyoda-ku, Tokyo; “Kawasaki Kisen”), Mitsui O.S.K.Lines,Ltd. (head office: Minato-ku, Tokyo; “Mitsui O.S.K.Lines”) and the Company, collectively the “3 companies,” to establish a joint venture, subject to the approval and authorization of the relevant authorities, for the purpose of integrating the liner container shipping businesses of the 3 companies, including overseas terminal operations, and to integrate those businesses, collectively the “Integration.”」
The integration plan through a joint venture with Kawasaki Kisen and Mitsui O.S.K.Lines was described for the first time. The ownership ratios were Kawasaki Kisen 31%, Mitsui O.S.K.Lines 31% and the Company 38%, with total contributions of approximately ¥300 billion and fleet capacity of approximately 1.4 million TEU. The joint venture was scheduled to be established on 1 July 2017, with services scheduled to commence on 1 April 2018.