Ocean Network Express Expands Global Infrastructure and Financial Reach in 2026

Ocean Network Express (ONE) is aggressively expanding its global logistics footprint and financial portfolio through a series of strategic terminal investments and operational upgrades. As of June 2026, the Singapore-based carrier has finalized multiple agreements to secure stakes in key maritime hubs and increase its ownership in major containership holding companies, aiming to bolster network reliability across its core trade lanes.

Strategic Terminal Investments and Partnerships

ONE has prioritized strengthening its physical infrastructure to maintain its status as a leading global container shipping company. On March 30, 2026, the company signed a share purchase agreement to acquire a 30% stake in the Hutchison Laemchabang Terminal Limited (HLT) in Thailand. This follows a March 24, 2026, partnership with the Dongwon Group, which granted ONE an indirect share in the secondary subsidiary, Dongwon Global Terminal Busan (DGT), located in South Korea.

These acquisitions are designed to enhance network reliability. By securing direct interests in these terminals, the company gains greater control over its cargo flow in critical Asian trade corridors. This physical expansion complements the carrier’s existing network, which encompasses over 244 port calls and 165 weekly service loops globally.

Financial Growth and Asset Management

Beyond terminal operations, ONE is deepening its investment in maritime assets. On March 10, 2026, the company announced agreements to increase its stake in Poseidon Corp., the ultimate holding company of Seaspan Corporation, the world’s largest non-operating owner of containerships. Upon the successful closing of these transactions, ONE’s total ownership in Poseidon will reach 48.9%. This financial move allows the carrier to exercise greater influence over the capacity and availability of the vessels that form the backbone of its 2,200,000+ TEU fleet.

The company reported its financial results for FY2025, covering the period from April 2025 to March 2026, on April 30, 2026. These results provide the official baseline for the carrier’s performance as it enters the second half of the 2026 calendar year.

Operational Adjustments and Surcharge Updates

To navigate shifting economic conditions, ONE has implemented several operational updates affecting its North American and African trade routes:

• Asia-South Africa Services: As of June 1, 2026, the carrier is enhancing its SAC and SAS services to optimize network structure.
• Inland Haulage Fees: Following an initial implementation on March 20, 2026, the company updated its Inland Haulage Fee (IHD/IHL) quantum on June 1, 2026, citing recent increases in inland diesel prices.
• Overland Common Point (OCP) Surcharge: A revised OCP rate for all import shipments to the United States and Canada is set to take effect on July 1, 2026.
• OBS Surcharge: The company announced an update to the OBS surcharge quantum, effective July 1, 2026.

Frequently Asked Questions

How does the investment in Poseidon Corp. affect ONE’s operations?

By increasing its stake in Poseidon Corp. to 48.9%, ONE strengthens its relationship with Seaspan Corporation, the world’s largest non-operating owner of containerships. This provides the carrier with more stable access to vessel capacity.

What is the impact of the recent surcharge updates?

The updates to inland haulage fees and the OCP surcharge reflect adjustments to rising operational costs, specifically inland diesel prices. These changes apply to import shipments into the United States and Canada.

Where is ONE focusing its terminal expansion?

Recent expansion efforts are concentrated in Asia, specifically with the acquisition of stakes in the Hutchison Laemchabang Terminal in Thailand and the Dongwon Global Terminal in Busan, South Korea.