JAPAN's Singapore-headquartered Ocean Network Express (ONE) has reported strong financial results for FY2024 (April 2024 - March 2025), with revenue soaring 32 per cent year on year to US$19.23 billion.

Net profit surged to $4.24 billion, marking a $3.27 billion increase from the previous year, reports London's Port Technology International.

Jeremy Nixon, CEO of ONE, said: "We are pleased to report a profit of $4.24 billion for FY2024 - an achievement realised despite ongoing geopolitical tensions and regional economic uncertainties.

"Through our participation in the newly established the Premier Alliance, we have further expanded our global network and enhanced our service offerings."

Recently, ONE launched its Intra-Greece Express (IGX) service to enhance connectivity between Thessaloniki and Piraeus. Additionally, the Port of New York and New Jersey celebrated the maiden voyage of the ONE Eagle at Port Liberty Bayonne.