Flush with cash, ONE swaps charters for own container ships

World's seventh-largest shipper ramps up investment for future growth

20230317N ONE container ship

An Ocean Network Express vessel docked at Japan's Nagoya Port. (Photo by Yuki Nakao)

TAKASHI NAKANO, Nikkei staff writer

SINGAPORE -- After years of relying on charters, container ship operator Ocean Network Express is tapping profits from the COVID-19 era to build its own greener, more competitive fleet.

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