ONE Posts $88M Loss - Newbuild Deliveries Pressure Rates; Fleet Continues to Grow

Weaker container volumes, rates lead Q3 loss for ONE ocean group

Ocean Network Express posted a net loss of $88 million in the third fiscal quarter on weaker container traffic and rates.

ONE Posts $88M Loss - Newbuild Deliveries Pressure Rates; Fleet Continues to Grow

Ocean Network Express (ONE) reported a net loss of $88 million for the third quarter of FY2025, as persistent fleet growth and slower cargo movement weighed on short-term freight rates, particularly in the Asia–North America tradeThe result…