Japanese liner operator Ocean Network Express (ONE) plans to invest $20bn in ships, terminals and equipment over the next decade.
The move is part of plans by the world’s sixth-largest liner operator to wean itself off a reliance on vessels provided by its shareholders, K Line, NYK and Mitsui OSK Lines.
Speaking on the cusp of the fourth anniversary of the company, chief executive Jeremy Nixon said the focus had shifted since starting operations in April 2018, towards medium and long-term objectives.
