ONE returns to HD Hyundai for $1.2bn LNG-fuelled boxship deal

Ocean Network Express (ONE) has officially returned to HD Hyundai Heavy Industries for a significant $1.2 billion order of LNG-fuelled containerships. This strategic investment reinforces the Singapore-based carrier's commitment to fleet decarbonisation despite recent adjustments to its broader expansion roadmap. By securing these dual-fuel vessels, ONE aims to modernise its global fleet, ensuring operational efficiency across major trade routes. This move highlights the ongoing industry-wide transition toward alternative fuels to meet evolving international environmental standards and shipping requirements.

The integration of LNG-fuelled tonnage necessitates strict adherence to the International Code of Safety for Ships using Gases or other Low-flashpoint Fuels (IGF Code), which is mandated under SOLAS Chapter II-1. Furthermore, compliance with MARPOL Annex VI regarding nitrogen oxide and sulphur oxide emissions remains a critical priority for fleet operations and technical departments. Classification societies are increasingly enforcing these rigorous safety and environmental protocols to ensure that high-pressure fuel systems and cryogenic storage tanks meet global maritime standards for sustainable, long-term vessel operations.

This fleet renewal directly impacts chief engineers and second engineers who must now prioritise advanced training in dual-fuel engine management and cryogenic fuel handling. These officers are required to obtain specific certification for operating LNG-powered propulsion systems to ensure safe bunkering and maintenance procedures. Mastering these complex fuel systems is now essential for career progression, as technical proficiency in alternative energy sources becomes a core competency for senior engineering personnel serving on modern, environmentally compliant container vessels.