Ocean Network Express is pleased to announce our new operating weekly service,
Philippines Express 2 (PHX2).

Port Rotation : Singapore – Manila(North) – Davao - Singapore
Frequency : Weekly
Deployment : 2 x 1,000 nominal TEU ships
First sailing : the M/V Contrivia 0027N/S departing Singapore on the 10th November
2022.

Ocean Network Express (“ONE”), together with partners forming Poseidon Acquisition Corp, has announced that they have entered into a definitive agreement with Atlas Corp(NYSE:ATCO), under which Poseidon will acquire Atlas in an all-cash transaction.

FINANCIAL RESULTS FOR FY2022 2ND QUARTER

The global economy continues to come under pressure from high energy costs, rising interest rates and inflation. Whilst supply chain bottlenecks continue to impact some geographies and industry sectors. Overall though, inland and port logistics fluidity continues to improve. At ONE, we continue to enhance our end to end customer journey, decarbonize our supply chain and reconnect face to face with our staff, customers and business partners as Covid 19 travel restrictions roll back.

<17 October 2022, Singapore> Ocean Network Express (ONE) will expand the Freedays + D&D feature to Phase 4 countries in South Asia, which will be accessible directly via our Mobile App homepage.

Ocean Network Express (ONE) is pleased to announce the launch of the enhanced new ONE QUOTE, allowing for a seamless customer experience
when using ONE’s eCommerce website.

Ocean Network Express (“ONE”), together with partners the Consortium, have jointly proposed to acquire all the outstanding common shares of Atlas Corp(NYSE:ATCO) on Aug 4th. The consortium believes it has made meaningful progress in its discussions with the Special Committee of the Board of Directors of Atlas as announced by Poseidon Acquisition Corp, who is acting on behalf of the consortium.

The Government of Pakistan, Ministry of Commerce issued Office Memorandum in
connection with SRO 1562(I)/2022 dated 19th August, 2022, whereby the prohibition
(ban)/complete quantities restrictions imposed on the import of certain categories of
goods, vide SRO 598(I)/2022 dated 19th May, 2022, was withdrawn with immediate
effect.

Earlier this month, Ocean Network Express welcomed 4 interns from Kobe University, Japan. This is the first time ONE has accepted Japanese university students for a weeklong internship program.

Since the fire incident happened in Chittagong, Bangladesh in June 2022, ONE suspended the booking acceptance of all DG imports into all Bangladesh ports until further notice.

However, we have decided to resume importing some DG classes into Bangladesh after several discussions with Bangladesh office.