ONE acquires stakes in US West Coast and Rotterdam terminal operators
Ocean Network Express (ONE) has completed acquisitions of a 51% stake in TraPac LLC (TraPac) and Yusen Terminals LLC (YTI), as well as a 20% stake in Rotterdam World Gateway (RWG) as it looks to broaden its global supply chain presence.
The carrier hopes that the acquisitions will safeguard its access to terminal capacity in strategic gateways, support growth ambitions and enhance its service offerings to customers.
TraPac and YTI operate container terminals in Los Angeles and Oakland, California, with a combined capacity of 4.3m teu and both are equipped with the latest technology, having served liners at the Port of Los Angeles since 1987 and 1991.
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