Ocean Network Express (ONE),container carrier, has successfully completed its acquisition of significant stakes in key terminal operators, bolstering its position in the global supply chain. The company has acquired a 51% stake in TraPac LLC (“TraPac”) and Yusen Terminals LLC (“YTI”) along with a 20% stake in Rotterdam World Gateway (RWG), solidifying its foothold in strategic gateways.
Strengthening US West Coast Presence
TraPac and YTI, container terminal operators and vessel stevedores, have been providing top-notch container terminal services in Los Angeles and Oakland, California for decades. With a combined annual capacity of 4.3 million TEU, these terminals have been pivotal in supporting liners at the Port of Los Angeles since 1987 and 1991 respectively. This acquisition significantly reinforces ONE’s position on the US West Coast, ensuring enhanced operational capabilities.
Key Hub in North Europe
ONE’s stake in RWG, a highly automated container terminal in the Port of Rotterdam with an annual capacity of 2.6 million TEU, strengthens its role as a key hub in the North European region. This long-term capacity investment secures ONE’s position and reinforces its commitment to facilitating seamless operations in this critical area.
Strategic Investments for Operational Excellence
These acquisitions are aligned with ONE’s strategic plan to continuously invest in its operations. Hiroki Tsujii, Managing Director of ONE’s Product & Network Division, highlighted the pivotal role of container terminals in the supply chain, emphasizing their ability to mitigate operational disruptions. He noted, “ONE will leverage these terminals to help customers manage supply chain disruptions and improve service quality. In addition, these assets will enable ONE to deliver faster and more reliable service to our customers.”
Expanding Global Presence
With the successful completion of these three acquisitions, ONE establishes a formidable presence in three key strategic locations: the US West Coast (TraPac, YTI), North Europe (RWG), and South East Asia (Magenta Singapore Terminal). This move further solidifies ONE’s position as a major player in the global container shipping industry.
About Ocean Network Express (ONE)
Ocean Network Express (ONE) was formed on July 7, 2017, through the integration of liner services from Kawasaki Kisen Kaisha (“K” LINE), Mitsui O.S.K. Lines (MOL), and Nippon Yusen Kaisha (NYK). Headquartered in Singapore, ONE operates a fleet of over 210 vessels, offering a reliable international network of more than 170 services to 120 countries and beyond. With a fleet size of approximately 1.69 million TEU, ONE ranks as the world’s sixth-largest container carrier. The company is also a proud member of THE Alliance (THEA), a global ocean carrier consortium.
