ONE completes key terminal takeovers
Ocean Network Express has completed its acquisition of a 51% stake in each of TraPac and Yusen Terminals, and a 20% stake in Rotterdam World Gateway (RWG).
ONE says these deals, part of the company’s midterm investment strategy, will help safeguard its access to terminal capacity in key locations.
“Container terminals are a critical link in the supply chain with the unique ability to cushion the impact of operating disruptions,” said Hiroki Tsujii, managing director of ONE’s Product & Network Division.
“ONE will use 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.”
TraPac and YTI are container terminal operators and vessel stevedores providing container terminal services in Los Angeles and Oakland, California. With a combined capacity of 4.3 million teu annually, the acquisition of these two terminals will help strengthen ONE’s position on the US West Coast.
RWG operates a container terminal in the Port of Rotterdam with an annual capacity of 2.6 million teu.
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