Carrier Ocean Network Express buys majority stakes in three port terminals along US west coast. Ownership is currently comprised by two other parties in the ONE alliance.
Photo: Pr / One
Japanese container carrier Ocean Network Express (ONE) buys into several US west coast container terminals.
The company has signed a deal to acquire a 51-percent stake in Tapac LLC and Yusen Terminals which provides container terminal services in Oakland and Los Angeles.
This equity interest had been held by Japanese shipping groups MOL and NYK Line, which also both co-owns parts of ONE.
The transfer of ownership to the container carrier is a part of the integration of the parties’ container operations into the ONE-collaboration.
Additionally, ONE reveals how supply chain disruptions during the pandemic has shown the importance of well-run port terminals.
According to Alphaliner, ONE is the world’s seventh-largest container carrier with a 5.8 percent market share.
Earlier this year, the carrier’s chief exec Jeremy Nixon revealed aims to investment USD 20bn in new assets before 2030. In addition to investing in a larger fleet, the chief exec also announced that investments in ports would ensue.
