海运需求扩大，日本ONE加码投资运力提升3成

Core Viewpoint - Ocean Network Express (ONE) plans to invest over 3 trillion yen (approximately 25 billion USD) in growth areas by the fiscal year 2030, driven by the ongoing supply-demand tension in container shipping [1][2]. Investment Plans - ONE will construct 42 new container ships between fiscal years 2025 and 2028, increasing its operational scale by approximately 570,000 TEU compared to August 2024 [2]. - The total investment of 25 billion USD will also include port construction costs for handling its containers [2]. Market Dynamics - The global trade volume is expected to grow by 2.7% in 2024 and 3.0% in 2025, with a shift in production bases from China to Southeast Asia and India, leading to new cargo flows [3]. - The geopolitical landscape, particularly the worsening situation in the Middle East, is anticipated to increase shipping times and the number of vessels at sea, prompting ONE to expand its fleet to capture market share [3]. Competitive Landscape - Major global shipping companies are also increasing their fleet sizes, with MSC and Maersk planning to add new vessels, indicating a competitive investment environment in the shipping industry [3]. - In 2024, a record 457 container ships were built globally, with a projected 6% increase in operational capacity by the end of 2025 [3]. Impact of Tariffs - The imposition of tariffs by the U.S. on various countries is expected to positively impact the shipping industry, as companies shift production bases to avoid tariffs, resulting in increased shipping volumes from Asia to the U.S. [4].