Due to the ongoing security situation in the Middle East, a number of our services have been disrupted. Operations are currently subject to multiple constraints and contingency measures, and the duration of these conditions remains uncertain.

Singapore, 10 March 2026 - Ocean Network Express Pte. Ltd. (ONE) has announced the signing of agreements to acquire an additional stake in Poseidon Corp. (“Poseidon”) from certain existing shareholders. Poseidon is the ultimate holding company of Seaspan Corporation (“Seaspan”), the world’s largest non-operating owner of containerships. Upon the successful closing of these transactions, ONE’s total ownership stake in Poseidon will increase to 48.9%.

In light of the escalating security situation in the Middle East and the effective closure of the Strait of Hormuz, vessel transits through the area are currently not feasible, resulting in significant disruption to service flows across Middle East corridors.

To ensure transparency and timely access to information, we have established this dedicated webpage consolidating all relevant operational updates, service adjustments, and customer advisories. This page will be updated regularly as the situation evolves.

📅 14-16 April 2026
📍 Distrito Anhembi, São Paulo
📌 Booth #D060 

Due to the exceptional operational and security challenges in the Middle East region,
including the effective closure of the Strait of Hormuz, Ocean Network Express (ONE) has
implemented contingency measures across the affected routes, including alternative routings
and operational adjustments, to prioritize safety and maintain continuity of service.