ONE acquires stake in Indonesia container terminal
Ocean Network Express (ONE) has announced the completion of its 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.
This latest transaction reflects ONE’s continued commitment to investing in its operations. More recently, in November 2023, ONE completed the acquisition of stakes in terminals in the US West Coast and Europe. In addition, these assets will enable ONE to enhance service quality and deliver faster and more reliable service to customers, said a release.
Source : Our Correspondent