Ocean Network Express (ONE) has obtained a 51% stake in each of TraPac LLC (TraPac) and Yusen Terminals LLC (YTI), and a 20% stake in Rotterdam World Gateway (RWG).
According to ONE, TraPac and YTI are container terminal operators and vessel stevedores that provide container terminal services in Los Angeles and Oakland, California, with a combined capacity of 4.3 million TEU annually.
RWG operates a highly automated container terminal in the Port of Rotterdam with an annual capacity of 2.6 million TEU. A stake in RWG gives ONE long-term capacity and strengthens ONE’s position as a key hub in the region, the company notes.
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.
… said Hiroki Tsujii, Managing Director of ONE’s Product & Network Division
With the completion of these three acquisitions, ONE has established a strong presence in three key strategic locations: the US West Coast (Trapac, YTI), North Europe (RWG), and South East Asia (Magenta Singapore Terminal).
