Ocean Network Express (“ONE”), together with partners forming Poseidon Acquisition Corp, has announced that they have entered into a definitive agreement with Atlas Corp(NYSE:ATCO), under which Poseidon will acquire Atlas in an all-cash transaction.

The global economy continues to come under pressure from high energy costs, rising interest rates and inflation. Whilst supply chain bottlenecks continue to impact some geographies and industry sectors. Overall though, inland and port logistics fluidity continues to improve. At ONE, we continue to enhance our end to end customer journey, decarbonize our supply chain and reconnect face to face with our staff, customers and business partners as Covid 19 travel restrictions roll back.

Ocean Network Express (ONE) is pleased to announce the launch of the enhanced new ONE QUOTE, allowing for a seamless customer experience
when using ONE’s eCommerce website.

Ocean Network Express (“ONE”), together with partners the Consortium, have jointly proposed to acquire all the outstanding common shares of Atlas Corp(NYSE:ATCO) on Aug 4th. The consortium believes it has made meaningful progress in its discussions with the Special Committee of the Board of Directors of Atlas as announced by Poseidon Acquisition Corp, who is acting on behalf of the consortium.

Earlier this month, Ocean Network Express welcomed 4 interns from Kobe University, Japan. This is the first time ONE has accepted Japanese university students for a weeklong internship program.

Ocean Network Express (ONE) is pleased to introduce a Mombasa (Kenya) port call to its’ MIM service. This additional call will provide a direct connection between the Middle East, India and Kenya. The service name has been changed to Maputo/Mombasa India Middle East service (Service code MIM remains unchanged) to reflect the added port call and will begin from the Westbound sailing arriving at Jebel Ali on 9th September 2022 and the Eastbound sailing from Mombasa on 20th September 2022.

Ocean Network Express (ONE) launches its Marine Safety and Quality Campaign to raise safety awareness and to mitigate marine accidents. The campaign will run from 8th August to 30th September 2022.

Ocean Network Express (“ONE”), together with partners (the Consortium) have jointly proposed to acquire all the outstanding common shares of Atlas Corp. (NYSE:ATCO) that are not owned or controlled by the Consortium members .The non-binding proposal was conveyed on August 4, 2022 in a letter to Atlas’ Board of Directors from the Consortium.

Global uncertainties such as rising inflation, a surging US dollar, high fuel prices and the ongoing Russia-Ukraine conflict play significantly on the confidence of general consumers. In spite of these circumstances, at ONE, we continue to press ahead with our midterm and green strategy, putting customers and sustainability at the heart of what we do. We updated “ONE INITIATIVE” at the end of FY2022 Q1.

Ocean Network Express (“ONE”) is pleased to announce the release of our Sustainability Report 2022.