German carrier Hapag-Lloyd and the Japanese Ocean Network Express (ONE) announced last week that they will share space alongside each other in their respective Intra-Asia and Intra-Europe feeder network. With this cooperation, the fifth and sixth largest carriers in the world intend to boost their standing in the highly competitive feeder market.
Utilizing data from BlueWater Reporting's Carrier and Service Dashboards, the chart above provides a current look at deployed capacity by Hapag-Lloyd from their seven exclusively Intra-Europe services, as well as deployed capacity for ONE's 11 Intra-Asia services. Intra-Asia services include trade between the North, Central and Southeast Asia regions.
According to the data, Hapag-Lloyd deploys a total of 18,061 TEUs within the Intra-Europe trade, while ONE contributes 98,676 TEUs within Intra-Asia.
ONE is set to join the existing Hapag-Lloyd operated Intra-Europe services mid-October. Hapag-Lloyd began started phasing into the Intra-Asia trade beginning in August, currently participating on three services: the China-Korea BHX, the Japan-Korea shuttle, HAS, and the Intra-Southeast Asia, PID.
News of the new cooperation comes on the heels of recent revelations that ONE has experienced a $600 million loss during its first year in operation after merging Nippon Yusen Kabushiki Kaisha (NYK), Mitsui O.S.K. Lines (MOL) and Kawasaki Kisen Kaisha, Ltd. (“K” Line) in April.
This partnership appears to be a logical step for both carriers, as Hapag-Lloyd currently does not operate any services on the intra-Asia trade, while ONE does not operate in intra-Europe.