ONE Acquires Terminal in Southeast Asia

December 4, 2024

Illustration (Credit: ONE)
Illustration (Credit: ONE)

Japanese shipping company Ocean Network Express (ONE) has completed the acquisition of a minority stake in New Priok Container Terminal One (NPCT1) in Jakarta, Indonesia.

NPCT1 is an important terminal serving mature gateway markets in Southeast Asia. Built in 2016, it has an annual capacity of 1.5 million TEU and can accommodate advanced mega containerships with its deep drafts and modern equipment.

Jakarta is ONE’s third-largest volume port in Southeast Asia. This acquisition strengthens ONE’s presence in the regional supply chain and helps safeguard the company’s access to terminal capacity in an important region.

“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,” said Hiroki Tsujii, Global Chief Officer of ONE’s Product & Network Division.

In November 2023, ONE completed the acquisition of stakes in terminals in the U.S. West Coast and Europe.

Logistics News

Rejected Livestock

Rejected Livestock

FMC Collects $1,350,000 in Penalty Payments

FMC Collects $1,350,000 in Penalty Payments

SC Ports Sees Dip in Imports, State Economic Development Remains Strong

SC Ports Sees Dip in Imports, State Economic Development Remains Strong

Tackling Port Congestion with Visibility and Flexibility

Tackling Port Congestion with Visibility and Flexibility

Subscribe for Maritime Logistics Professional E‑News

NTSB: Loose wiring led to power failure before the March 2024 Baltimore Ship Crash, NTSB states
Spirit Airlines unions accept pay cuts for pilots and flight attendants
Police raid Portugal's TAP Airlines in a corruption probe