ONE Completes Majority Purchase of TraPac, Yusen Terminals

ONE Completes Majority Purchase of TraPac, Yusen Terminals

It’s official: Ocean Network Express (ONE) has acquired a majority stake in the TraPac and Yusen container terminals in Los Angeles and Oakland. ONE announced Nov. 6 that it has secured the regulatory approvals required for a 51% stake in TraPac and YTI, as well as a 20% stake in Rotterdam World Gateway. It’s a move that strengthens ONE’s presence on the U.S. West Coast, North Europe and Southeast Asia. The acquired West Coast terminals alone have a combined capacity of 4.3 million TEU per year, according to ONE. “Container terminals are a critical link in the supply chain with…
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