- TraPac is a container terminal operator and vessel stevedore that provides container terminal services in Los Angeles and Oakland.
- The recent disruptions to the supply chain due to Covid-19 have highlighted the importance container terminals play in keeping global trade flowing.
- The newly acquired container terminals will safeguard ONE’s access to terminal capacity in key and strategic gateways.
Ocean Network Express has signed definitive agreements to acquire a 51% stake in each of TraPac LLC and Yusen Terminals LLC , currently held by Mitsui O.S.K. Lines, and Nippon Yusen Kabushiki Kaisha respectively.
Container terminal operator
TraPac is a container terminal operator and vessel stevedore that provides container terminal services in Los Angeles and Oakland.
YTI is a container terminal operator and vessel stevedore that provides container terminal services in Los Angeles
Ambitions and acquisitions
These acquisitions are part of the integration of the container shipping businesses from the parent companies into ONE.
The recent disruptions to the supply chain due to Covid-19 have highlighted the importance container terminals play in keeping global trade flowing.
The newly acquired container terminals will safeguard ONE’s access to terminal capacity in key and strategic gateways, support its growth ambitions and enhance its service offerings to customers
The closing of these transactions is subject to the approval of the relevant authorities.
Did you subscribe to our Newsletter?
It’s Free! Click here to Subscribe.
Source: CSN
Your article helped me a lot, is there any more related content? Thanks! https://accounts.binance.com/pl/register-person?ref=S5H7X3LP