Ocean Network Express (ONE) has acquired a minority stake in New Priok Container Terminal One (NPCT1) in Jakarta, Indonesia.
The shipping line announced on Thursday that it had finalised the acquisition of its stake in the key terminal.
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. It is the line’s third-largest volume port in Southeast Asia.
The acquisition strengthens ONE’s presence in the regional supply chain and helps safeguard the company’s access to terminal capacity in the 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 ONE Product and Network Division Global Chief Officer, Hiroki Tsujii.
The line said the latest transaction reflected its commitment to investing in its operations.
This comes after ONE completed the acquisition of stakes in terminals in the US West Coast and Europe in November 2023.
