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Can ONE Grow and Become More Profitable?

Its new CEO wants more capacity. But profits come first.

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Maritime Analytica
Oct 21, 2026
∙ Paid
ONE Q2 2026: More Cargo, Higher Rates, Lower Profit

ONE Q2 2026: More Cargo, Higher Rates, Lower Profit

Maritime Analytica
·
Aug 4
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ONE wants to reach 3m TEU by 2030.

Almost 800,000 TEU more than today.

Yet its April–June net profit was just $31m.

On revenue of $4.54bn.

Then ONE raised its annual profit forecast to $900m.

And more ships are already on the way.

For shippers and rivals, this could reshape future competition.

So can ONE make a bigger fleet more profitable?

Here are 5️⃣ signals behind it:


1️⃣ Profitability comes first

CEO Till Ole Barrelet wants ONE’s profits to improve.

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