Japanese Ocean Network Express (ONE) announced that it will start accepting bookings for its container shipping service, which is set to begin in stages from February 1, 2018.
ONE is a joint venture formed by K Line, MOL, and Nippon Yusen Kabushiki Kaisha (NYK), who informed that they will begin its business operations on April 1, 2018.
Once ONE’s business operations starts, there will be up to four companies, namely ONE, K Line, MOL, and NYK operating on the same service in the same time during the transitional period until three pre-existing lines completely stop operating vessels.
Earlier, in January, the three companies received all the necessary approvals from local competition authorities to form their joint venture company, which includes the three carriers’ container shipping businesses and terminal operation businesses outside Japan.