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FINANCIAL RESULTS FOR FY2022 4TH QUARTER
FINANCIAL RESULTS FOR FY2022 4TH QUARTER
ONE INITIATIVES Q4 FY2022
The ensuing COVID 2022 recovery cycle has brought strong inventory ramp-up for consumer merchandise at destination, leading to an over-correction, with recent sales and inventory levels moving adversely across the global markets. This has resulted in weaker demand in the first calendar quarter of 2023 as compared to that of previous two years’. At ONE, we continue to prudently manage our balance sheet and make strategic investments such as our own evolving decarbonization strategy and upgrading and enhancing our global customer service levels through our new Service Cloud system. We updated the “ONE INITIATIVES” at the end of FY 2022 Q4.
PHX2 Service will start to call at CEBU
Ocean Network Express (ONE) is pleased to announce that Philippines Express 2
(PHX2) will change its port rotation as follows.
Port Rotation : Singapore – Manila(North) – Cebu – Singapore
Frequency : Bi-Weekly
The new rotation will start from M/V CONTSHIP ERA 081N/S departing Singapore on
the 22nd April 2023.
By the change, ONE will provide a quick, reliable, and efficient transport solution to
Philippines from our transhipment hub – Singapore by our Philippines Express
services.
PHX : Singapore <–> Subic Bay, Manila(N)
PHX2 : Singapore <–> Manila(N), Cebu
PHX3 : Singapore <–> Davao, General Santos
Should you have any questions, please contact your sales account representative or
Customer Service desk for additional information.
