Ocean Network Express (ONE) has designed a $20bn investment plan over the next 10 years to help meet decarbonisation targets.
Specifically, the $20bn investment plan will run from 2022 to 2030, as announced by Jeremy Nixon, CEO of ONE, on Wednesday. About 50% of the investment will be made in newbuildings, with the remainder covering terminals, technology, containers, etc.
Nixon stated in a conference call: “Since 2020 and 2021, we’ve been active in terms of securing medium to long term, charter tonnage. So far ONE has chartered 38 vessels varying between 7,000 and 24,000 teu being delivered into its fleet from 2020 through to 2024. So that process has already started, and those assets will start to come online quite soon and replace ships that are due to come off charter, and also help to improve our overall efficiency and slot cost and also improve our carbon intensity, as well reducing making us greener in terms of our footprint”.