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24 October 2018 The on-line newspaper devoted to the world of transports 05:29 GMT+2



April 3, 2018

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Original news
"K" Linens, MOL and NYK has completed the investment for the institution of the Ocean Express Network

It piles to about three billions of dollars

The Japanese shipowning societies Kawasaki Kisen Kaisha ("K" Linens), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK) have yesterday announced to have completed the deposit of about the three billions of dollars for the institution of the Ocean Networks Express (ONE), joint venture that is constituted last July with the scope to integrate the respective activities in the field of the containerized marine transport and that it has become operating past Sunday(on 7 July 2017).

Joint venture is participated by "K" Linens with 31% of the capital, by MOL with 31% and NYK with 38%. ONE has a fleet of about 230 portacontainer for a total cargo ability pairs 1,44 million teu. These ships are employed in 85 marine services that touch beyond 200 ports of one hundred nations.



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