ONE seals terminal acquisitions in California and Rotterdam​​​​​​​

Japanese liner Ocean Network Express (ONE) has obtained all necessary regulatory approvals and completed its acquisition of a 51% stake in each of TraPac and Yusen Terminals on the US west coast, and a 20% stake in Rotterdam World Gateway (RWG).

TraPac and Yusen Terminals are container terminal operators and vessel stevedores that provide container terminal services in Los Angeles and Oakland, California. They have a combined capacity of 4.3m teu annually while RWG in Europe has an annual capacity of 2.6m teu.

Hiroki Tsujii, managing director of ONE’s product and network division, said: “Container terminals are a critical link in the supply chain with the unique ability to cushion the impact of operating disruptions. ONE will leverage these terminals to help customers manage supply chain disruptions and improve service quality.”