OCEAN Network Express has announced its intentions to invest significantly in terminals, green shipping, and digitalisation by 2030 under a US$20-billion investment plan.
The group has outlined its plans to upgrade its core fleet based on a green strategy and mission to accelerate decarbonisation.
It plans to invest 150,000 TEU of newbuildings annually to provide better service and address long-term growth.
Under the future fleet investment, obsolete vessels will gradually be replaced with newbuilding delivered to support a commitment to decarbonisation.
The company said its green strategy is designed to foster sustainable maritime transport, which it says is at the top of the management agenda with its goal to reduce carbon neutrality by 2050.
“ONE will make continuous investments in greener assets and technologies whilst also taking all appropriate actions to achieve our green targets,” the company said.
“ONE will engage in open collaboration with industry stakeholders to realise the decarbonisation of shipping.”
Breaking down its decarbonisation targets, ONE aims to reduce scope 1 greenhouse gas emissions by 70% per TEU kilometre by 2030 and achieve net-zero emissions by 2050.
To help reach these goals, ONE is pursuing initiatives related to alternative fuels, carbon management, ecosystem building, ship recycling and environment conservation.
ONE is also running more than 20 digitalisation initiatives under its enterprise architecture blueprint.
Strategies are built around channel digitalisation, operation digitalisation, and asset digitalisation.
