Dive Brief:
- Ocean Networks Express plans to disclose a new network solution and products for 2025 next month, CEO Jeremy Nixon said Monday during a session at TPM24 by S&P Global in Long Beach, California.
- Among the new offerings, Nixon teased ONE would bring back its PN3 service from Asia to North America. The service was suspended in Oct. 2023 due to market conditions.
- The carrier will continue to run several existing service loops into the PNW, PSW, U.S. East Coast, and U.S. Gulf. Coverage in Japan, Korea, Taiwan and Vietnam and the Indian subcontinent will continue. The services will also benefit from ONE's three new terminals that it took over in the last 12 months in Los Angeles and Oakland as it looks to optimize its routes.
Dive Insight:
Out of the three active alliances, THE Alliance is the last carrier operational agreement that is pending to reveal its future plans. While it remains uncertain, the carrier plans to share network changes next month, according to the CEO.
Nixon's comments come as the world's largest shipping lines reconsider their service networks due to a shift in the maritime alliance structures that govern transportation capacity sharing.
There has been a shift in alliances since Maersk and MSC announced the two carriers would not be extending their 2M alliance after it ends in 2025.
Since then, Maersk and Hapag-Lloyd formed an alliance called the Gemini Cooperation which is set to start February 2025. Then, the Ocean Alliance announced last week that it would be extending their operational agreement until 2032. The current agreement expires in 2027.
"I think the reality is that we're going to move from three consortia probably to four consortia," Nixon said.
Immediately after, Nixon stated that ONE is in a number of negotiations and is not in the position to confirm exactly what is happening now.
THE Alliance is currently composed of ONE, Yang Ming, HMM and Hapag-Lloyd. In the near-term, THE Alliance is set to stay intact in 2024 with Hapag-Lloyd, he said.
