Ocean Network Express (ONE), a leading global container shipping company, has announced the completion of its acquisitions of stakes in three strategic container terminal operators: TraPac and YTI on the US West Coast, and Rotterdam World Gateway (RWG) in North Europe. These acquisitions mark a significant step forward in ONE's midterm strategy to expand its global footprint and enhance its service offerings to customers.
The acquisition of a 51% stake in each of TraPac and YTI strengthens ONE's position in the US West Coast, a critical gateway for trade between Asia and North America. TraPac and YTI are both leading container terminal operators in the Port of Los Angeles, with a combined annual capacity of 4.3 million TEU.
The acquisition of a 20% stake in RWG further expands ONE's presence in North Europe, the largest container market in the world. RWG is a highly automated container terminal in the Port of Rotterdam, with an annual capacity of 2.6 million TEU.
"These acquisitions are a testament to ONE's commitment to continuous investment in our operations and our customers' supply chains," said Hiroki Tsujii, Managing Director of ONE's Product & Network Division. "By securing access to strategic terminal capacity in key gateway markets, we are strengthening our ability to provide reliable and efficient services to our customers around the world."
The acquisitions of TraPac, YTI, and RWG are part of ONE's broader strategy to expand its global network and enhance its service offerings. The company is also investing in new vessels and digital technologies to further improve its efficiency and competitiveness.
With the completion of these acquisitions, ONE has established a strong presence in three key strategic locations: the US West Coast, North Europe, and South East Asia. The company is well-positioned for continued growth and success in the global container shipping market.Return to Articles