News / ONE consolidates its port terminal network, east and west

Photo 264925326 © Ingus Kruklitis | Dreamstime.com

Japanese container shipping line ONE has cemented its grip on its nascent port terminal network after completing the acquisition of a 51% stake in a series of TraPac and Yusen terminals in North America and Singapore.

It also completed the purchase of 20% stake in the Rotterdam World Gateway (RWG) Terminal.

The deal is very much a question of the carrier getting its house in order following its creation, via the merger of three main Japanese carriers, K Line, MOL and NYK, ...