ONE’s Japanese owners (NYK, K-Line and MOL) have confirmed that they intend to grow the business to create a potential company with an annual profit of USD 3.5 billion by 2030. They propose a growth plan with new tonnage and risks of the dissolution of maritime alliances.
The largest shareholder, NYK Group, says it intends to position ONE as a “highly volatile growth business” driven by M&A, volume growth and expansion into developing markets, while ensuring the company has a wide margin of risk. He identified higher emissions taxes and the non-continuation of shipping alliances as potential future business risks.
Meanwhile, NYK’s latest business plan predicts its share of ONE’s recurring earnings at JPY 750 billion (USD 5.6 billion) for fiscal 2022. This aligns with ONE’s forecast of total net earnings. of $14.7 billion for the fiscal year ending March 31, given that NYK has a 38% stake.
Thereafter, NYK predicts its share of recurring earnings at JPY 120 billion in 2026, increasing to JPY 180 billion in 2030. This, in turn, could imply total annual earnings for ONE in the region of USD 2.4 billion. in 2026 and USD 3.5 billion in 2030. (calculated at today’s exchange rate).
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ONE announced a year ago that it would invest $20 billion in its liner business by 2030, in order to add approximately 150,000 TEU of newbuild tonnage per year to its fleet. This could potentially see their fleet go from the current 1.5 Mteu to between 2.3 and 2.4 Mteu.
Source: Alphaliner
