<p class="MsoNormal">Singapore-headquartered <b>Ocean Network Express (ONE)</b>
has reportedly finalized a massive alternative-fuel shipbuilding contract with
South Korea’s <b>HD Hyundai Heavy Industries</b> for the construction of <b>six
LNG dual-fuel containerships</b>. The capital deployment aligns directly with
the carrier's mid-term fleet renewal blueprint and decarbonization pathway,
even as lines dynamically calibrate long-term capacity targets against global
oversupply warnings.<o:p></o:p></p>
<p class="MsoNormal">According to brokerage desk circulars and international
shipyard intelligence, the mega-deal is valued at approximately <b>USD 1.22
billion</b>, representing a clean price tag of <b>USD 203.5 million per vessel</b>.<o:p></o:p></p>
<p class="MsoNormal"><b>Technical Parameters and Delivery Windows<o:p></o:p></b></p>
<ul style="margin-top:0cm" type="disc">
<li class="MsoNormal"><b>Slot
Capacity Allocation</b>: Each newbuilding is engineered to feature a
maximum carrying capacity of <b>15,900 TEU</b>, optimized to strengthen
ONE’s long-haul network deployments across high-volume East-West loops.<o:p></o:p></li>
<li class="MsoNormal"><b>The
Construction Timeline</b>: Market sources indicate that advanced
commercial negotiations for the project spanned several months. Final
contract execution slots specify that deliveries will initiate in <b>November
2028 and stretch through September 2029</b>.<o:p></o:p></li>
<li class="MsoNormal"><b>Green
Propulsion Strategy</b>: The ships are designed with state-of-the-art
dual-fuel LNG propulsion arrays, optimizing thermal efficiency while
dramatically driving down nitrogen oxides (NOx) and sulfur oxides (SOx)
emissions in absolute alignment with tightening global environmental
mandates.<o:p></o:p></li>
</ul>
<p class="MsoNormal"><b>Fleet Composition and Competitive Footprint<o:p></o:p></b></p>
<ul style="margin-top:0cm" type="disc">
<li class="MsoNormal"><b>The
Strategic Footprint</b>: This series adds to a highly active
alternative-fuel orderbook for ONE. Over the past three years, the line
has built up a diversified green portfolio, including methanol-powered
13,000+ TEU vessels under construction at Chinese yards (Jiangnan and Yangzijiang)
alongside previous 15,000+ TEU LNG-propelled series at HD Hyundai.<o:p></o:p></li>
<li class="MsoNormal"><b>The
Global Positioning</b>: Established through the historic consolidation of
the container divisions of Japan’s Mitsui O.S.K. Lines (MOL), NYK Line,
and K Line, ONE comfortably holds the <b>sixth position</b> on the global
Alphaliner rankings. The container line operates a core active fleet of
roughly 280 vessels with a cumulative operating capacity exceeding two
million TEUs. <o:p></o:p></li>
</ul>