The “Big 3” Japanese container lines – MOL, NYK and “K” Line – have named Jeremy Nixon, former Chief Executive Officer of NYK Group’s container division, to lead their new joint venture scheduled to commence operations in early 2018.
Jeremy Nixon, previously the Chief Executive Officer of the Global Liner Management Division at NYK Group South Asia, has been named the CEO of the new container line conglomerate Ocean Network Express (ONE).
In the latest update regarding the operational merger of Japanese container carriers Kawasaki Kisen Kaisha (“K” Line), Nippon Yusen Kabushiki Kaisha (NYK) and Mitsui O.S.K. Lines (MOL), the member carriers said ONE will be led by Nixon from seven global locations, including regional headquarters in Virginia, London, Hong Kong, Brazil, Singapore and Tokyo. Nixon will be the highest ranking non-Japanese executive to ever serve at any of the three carriers.
The combined capacity of the three previously separate companies amount to 1.44 million TEUs, making it the sixth largest in the world, according to the company update. ONE will operate approximately 240 vessels, with 31 so-called “ultra-large containerships,” some of which will have more than 20,000 TEUs of capacity.
The new company will establish 24-hour live ship operation monitoring, vessel inspection status monitoring through company applications “AIMS” and “VAMOS” and the continuation of the “IBIS” project, a big data integrator, the member carriers said.
ONE plans to begin systems operations and will start accept bookings in February 2018, with services starting by April 2018.
Correction: A previous version of this story indicated that all 31 of the ONE’s ultra-large containerships will be of the 20,000-TEU class.