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Ocean network Express to acquire three container terminals on the west coast of the United States
2022-12-27 20:53

Ocean network Express to acquire three container terminals on the west coast of the United States

by Hristijan Ivanov •
Ocean network Express to acquire three container terminals on the west coast of the United States

The following release was published by ONE:

Ocean Network Express (“ONE”) has signed definitive agreements to acquire a 51% stake in each of TraPac LLC (“TraPac”) and Yusen Terminals LLC (“YTI”), currently held by Mitsui O.S.K. Lines, Ltd. and Nippon Yusen Kabushiki Kaisha respectively. 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.

Source: ONE