FINANCIAL RESULTS FOR FY2023 2nd QUARTER

Singapore, 31 October 2023 - Ocean Network Express (ONE) is pleased to release the latest “ONE INITIATIVES” at the end of FY2023 Q2. 

We would like to inform you about the global approach for GHG emission reduction, overview of EU-ETS, and how it potentially impacts you.

Ocean Network Express (ONE) is pleased to announce the new Indian Ocean Mediterranean service (IOM). This new service connects India, Pakistan and the Middle East with the Mediterranean region and will provide customers with an enhanced service coverage for this region.

As previously communicated, please be informed that the Adriatic Israel Butterfly
service (AIB) will temporarily omit Ashdod port with immediate effect and until further
notice. AIB will continue to call at Haifa, Israel.

Following our advisory dated 16th October 2023 regarding the ongoing situation in Israel,
we would like to inform you about the commercial actions implemented by ONE in relation
to your shipment.

Ocean Network Express (ONE) is pleased to inform you that Philippines Express 2
(PHX2) rotation will be adjusted to the following.

New Port Rotation : Singapore – Cebu – Cagayan de Oro - Singapore
Frequency : Weekly

The new rotation will start from M/V Pira Bhum 0590N departing Singapore on the 13th
November 2023.

Singapore, 24 October 2023 – In consideration of the present market situation, THE Alliance will make changes to the Asia - North Europe Network by temporarily suspending FE5 service from week 46 and enhance the existing FE3 and FE4 service until further notice.

Singapore, 24 October 2023 – In consideration of the present market situation, THE Alliance will make changes to the Transpacific-East Coast Network by temporarily suspending EC4 service from week 46 and upgrade the existing EC1, EC2 and EC5 service until further notice.

Please be advised of the scheduled VMS in week 52 on the Transatlantic AL4 service, as
agreed by partner lines to mitigate schedule delays.