Ocean Network Express (ONE) announced its financial results for the first quarter of FY2026, covering the period from 1 April to 30 June 2026. For the first quarter, ONE generated revenue of US$4,539 million and recorded a net profit of US$31 million.

Till Ole Barrelet, CEO of Ocean Network Express, says, "The first quarter reflected a demanding market, with Middle East disruption raising fuel and operating costs across the industry. As demand recovered through the quarter, we improved yields and maintained high utilization. We have raised our full-year forecast and remain focused on operational agility as conditions evolve. This reflects the dedication of our global team and the steady progress of our ONE2030 strategy. As market uncertainties persist, our priorities are protecting our people and assets, ensuring service reliability for our customers, and delivering sustainable long-term value for our stakeholders.”

Ocean Network Express (ONE), headquartered in Singapore, is one of the world's leading liner shipping companies. It operates a fleet of over 280 vessels with a capacity exceeding 2.2 million TEUs. Through its extensive global network, ONE provides reliable container shipping services to over 120 countries.

Full press release: Ocean Network Express (ONE)