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ONE was founded in 2016 as a joint venture between Nippon Yusen Kaisha (NYK), Mitsui O.S.K. Lines (MOL), and K Line. [4] The company was formed as part of a larger process of consolidation that was occurring in the container shipping industry at that time, affected by poor profits and surplus capacity. [5]
Tracking packages with stationary bar code reader in a warehouse sorting operation. Package tracking or package logging is the process of localizing shipping containers, mail and parcel post at different points of time during sorting, warehousing, and package delivery to verify their provenance and to predict and aid delivery.
One contributor to the accident could be parametric roll resonance, [7] a hazard known to affect container ships. [8] The ONE Apus incident was the largest loss of containers in transport since the MOL Comfort sank in 2013. The cargo loss cost is estimated at $90 million. [9] The ship was delayed for approximately three months.
In 1978, COSCO Shanghai's MV Ping Xiang Cheng transported 162 TEU from Shanghai to Sydney, Australia, which was the first international container voyage by a Chinese company. [1]: 56 [2] [3] [1] [4] Thereafter, COSCO Shanghai commenced a monthly container service running two 200 TEU container ships between Shanghai, Xingang, Sydney, and Melbourne.
Maersk Line is a Danish international container shipping company and the largest operating subsidiary of Maersk, a Danish business conglomerate.Founded in 1928, it is the world's second largest container shipping company by both fleet size and cargo capacity, offering regular services to 374 ports in 116 countries. [2]
Wan Hai Lines, Ltd. (Chinese: 萬海航運股份有限公司; pinyin: Wàn Hǎi Hángyùn Gǔfèn Yǒuxiàn Gōngsī) is a Taiwanese shipping company founded in 1965. Since then, it has become one of the largest companies in the container shipping industry, with a fleet of 142 vessels and a carrying capacity of 430,854 TEUs as of January 2023.
[5] [6] The PANYNJ currently contracts CMA CGM to operate a container terminal on the site. [7] [8] The facility is 187 acres (76 ha) in size, but there have been plans for expansion with the acquisition in 2001 of the adjacent 124-acre (50 ha) Port Ivory, a former shipping port operated by Procter & Gamble. [9]
OOCL is a large integrated international container transportation, logistics and terminal company [2] with offices in 70 countries. OOCL has 59 vessels of different classes, with capacity varying from 2,992 twenty-foot equivalent units (TEU) to 21,413 TEU, including two ice-class vessels for extreme weather conditions.