ONE Reportedly Orders Six LNG-Powered 15,000 TEU Containerships

Ocean Network Express (ONE) has reportedly placed an order with HD Hyundai Heavy Industries for six new liquefied natural gas (LNG)-powered containerships. Each vessel is designed to have a capacity of 15,000 TEU. Industry reports suggest that the price for each ship is approximately US$203 million, reflecting a substantial investment in the carrier's fleet.

This order highlights the ongoing trend within the shipping industry to invest in dual-fuel and lower-emission vessel technologies. The adoption of LNG as a marine fuel is part of broader efforts to reduce the environmental footprint of global shipping operations, aligning with international decarbonization goals.

For freight forwarders and shippers, the introduction of these new vessels by ONE could contribute to more stable capacity on key trade lanes, particularly as older, less efficient ships are potentially phased out or redeployed. While the immediate impact on freight rates is unlikely, the long-term effect could be a slight increase in operating costs passed on to customers due to the higher capital expenditure of these advanced vessels. However, it also signifies a commitment to greener shipping options, which may be a factor for shippers prioritizing sustainability in their supply chains.