Post-consolidation, Ocean Network Express charts course for greener future in Singapore-centric fleet expansion
Upcoming vessels will benefit from Singapore’s incentives for cleaner ships, says CEO Jeremy Nixon
[SINGAPORE] Being based in Singapore is an advantage in building a greener fleet, shipping line Ocean Network Express’ (ONE) chief executive officer, Jeremy Nixon, said in an interview with The Business Times.
ONE is undergoing a major fleet expansion for a lower-carbon future, with about 50 new vessels on order.
This includes a fleet of 32 S Class container ships that will be registered in Singapore. These can be modified to use the greener fuels methanol or ammonia, and thus enjoy incentives for cleaner ships, said Nixon.
TRENDING NOW
Why China is tightening controls on overseas stock trading
Xi Jinping has just rewritten the rules of US-China rivalry
‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI
‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next