ONE, Seaspan Corporation create ONESEA

Singapore-based shipping company Ocean Network Express (ONE) and Hong Kong-based containership lessor Seaspan Corporation have formed OneSea Solutions (ONESEA), a solutions provider focused on technical ship management and maritime talent development.

Jointly owned and operated by the two companies and headquartered in Singapore, ONESEA will offer technical ship management services for container vessels owned by ONE and vessels chartered by ONE from vessel owners.

As explained, the new solutions provider will pursue decarbonizing and digital initiatives aiming to realize ‘the operational excellence’ of ONE’s vessel operations.

“ONESEA marks the evolution of the partnership between ONE and Seaspan, as it seeks to harness the unique strengths of each company in order to create a high-performing enterprise in the ship management space. Our pursuit of operational excellence will be defined by our focus on safety, efficiency, and innovation,” Raman Handa, CEO of ONESEA, commented.

ONE has made significant progress in implementing its green strategy as it achieved a 62% reduction in Scope 1 emissions intensity in FY2023, compared to a 2008 baseline.

In its 2024 Sustainability Report released in mid October 2024, the company said it is on track to achieve a 70% reduction in Scope 1 emissions per TEU-km from a 2008 baseline by 2030—in line with ONE’s target.

In related news, ONE recently revealed plans to introduce a new environmentally compliant surcharge to comply with new regulatory standards and any potential future requirements across various jurisdictions. Specifically, these surcharges will combine the costs associated with both the EU ETS and the FuelEU Maritime Regulation, replacing the company’s existing ETS surcharge effective from January 1, 2024.

Seaspan, part of Atlas Corp., is also making progress on its decarbonization pathway. Last month, the company ordered six future fuel-ready 13,600 TEU boxships at Chinese Hudong-Zhonghua Shipbuilding, slated for delivery between 2026 and 2028. The company plans to prepare the units for future fuel modification to ensure low energy consumption, high speed and green environmental protection performance.

To meet and exceed the IMO’s GHG reduction targets, Seaspan has developed a decarbonization strategy based on four pillars: continuous efficiency improvement, transition pathways, fleet insights and market-based initiatives. The most recent collaboration with ONE is part of this decarbonization strategy.