Ocean Network Express (ONE) has expanded its operations in Southeast Asia with the acquisition of a minority stake in New Priok Container Terminal One (NPCT1) in Jakarta, Indonesia.
NPCT1 has an annual capacity of 1.5 million twenty-foot equivalent unit (TEU) and is equipped to handle advanced mega containerships.
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Jakarta is claimed to be third-largest volume port for ONE in Southeast Asia.
The investment in NPCT1 is part of the company’s strategy to enhance its global supply chain presence and service quality. It also ensures the company’s continued access to terminal capacity in a key area.
ONE product and network division global chief officer Hiroki Tsujii said: “NPCT1 is an efficient and green terminal that is strategically located in a fast-developing region. A stake in this terminal ensures access to capacity in a key gateway and supports our growth ambitions.”
The latest deal follows the acquisitions of stakes in terminals on the US West Coast and in Europe, in November last year.
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By GlobalDataIn the US, ONE secured a 51% stake in both TraPac and Yusen Terminals, as well as a 20% stake in Rotterdam World Gateway (RWG).
TraPac and Yusen Terminals, which provide services in Los Angeles and Oakland, California, have a combined annual capacity of 4.3 million TEU.
RWG adds an annual capacity of 2.6 million TEU to ONE’s portfolio.
In September this year, the rebranded Premier Alliance, comprising ONE, HMM, and Yang Ming, announced that it will continue collaboration from February 2025, with external support from MSC.
This follows Hapag-Lloyd’s exit to form the Gemini Cooperation with Maersk on East-West trade routes.
