The international shipping company ONE acquires an Indonesian container terminal (ONE's third largest port in Southeast Asia)

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2024-11-29 17:07

　　Ocean Network Express (ONE) announced on November 28 that it has completed the acquisition of a partial stake in New Priok Container Terminal One (NPCT1) located in the New Priok Port area of Jakarta, Indonesia.

　　NPCT1 is an important terminal serving the Southeast Asian market. Since its completion in 2016, it has been able to handle 1.5 million TEUs (Twenty-foot Equivalent Units) annually and can accommodate advanced ultra-large container ships due to its deep-water port and modern facilities.

International shipping, international shipping company

　　As the third largest port for ONE in Southeast Asia, this acquisition strengthens ONE's business layout in the regional supply chain and ensures the terminal's loading capacity in this critical area. Hiroki Tsujii, CEO of ONE's Global Products and Network Division, stated: 'NPCT1 is an efficient green terminal located in a rapidly developing area, and its strategic position is very important to us. Our stake in this terminal ensures that our business capabilities in key ports are secured, helping us achieve our growth objectives.'

　　This transaction demonstrates ONE's ongoing commitment to business investment. In November 2023, ONE completed the acquisition of stakes in terminals on the U.S. West Coast and in Europe. These assets help ONE improve service quality and provide our customers with faster and more reliable services.

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