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

Fratelli Cosulich in Focus: Building the Fleet for a Multi-Fuel Future

Fratelli Cosulich in Focus: Building the Fleet for a Multi-Fuel Future

Rio Brasil Terminal Cabotage Connectivity Expands with Norcoast Service

Rio Brasil Terminal Cabotage Connectivity Expands with Norcoast Service

Power to Hydrogen Delivers Half-Megawatt AEM Electrolyzer to Port of Antwerp-Bruges

Power to Hydrogen Delivers Half-Megawatt AEM Electrolyzer to Port of Antwerp-Bruges

UK P&I Club Appoints Jeong-Sook Kim as Senior Underwriting Director

UK P&I Club Appoints Jeong-Sook Kim as Senior Underwriting Director

Subscribe for Maritime Logistics Professional E‑News

After Marine One's close call, the U.S. Transport secretary is working to fix telecom problems.
Venture Global increases its core profit forecast to 2026 for the second consecutive quarter
Phillips 66, Kinder Morgan, HF Sinclair approve $5 billion Western Gateway project