en.Wedoany.com Report on Mar 30th, Ocean Network Express (ONE) recently signed an agreement to acquire a 30% equity stake in Hutchison Laem Chabang Terminal Co., Ltd. This move aims to enhance its capacity assurance at Thailand's Laem Chabang Port. Laem Chabang is a crucial gateway port for Thailand. The terminal operator manages terminals A3, C1, C2, and D. ONE's investment to secure shares in this operator supports its global strategic expansion.

Hiroki Tsujii, Global Chief Officer of Product & Network at ONE, stated: "Our investment in HLT marks a significant milestone in our strategy to secure capacity at key global gateways. By deepening our collaboration with Hutchison Ports, customers can benefit from greater reliability and efficient solutions at this vital trade hub."

CK Hutchison, the parent company of Hutchison Ports, had previously sought to sell its international terminal business, including a deal over a year ago to a consortium of MSC and BlackRock for $22.8 billion, but progress stalled. Another transaction involving terminals in Panama was also terminated due to actions by the local government, and CK Hutchison has initiated international arbitration claims. These events highlight the complexities of global port investments.

ONE is jointly owned by the Japanese shipping companies NYK, Mitsui O.S.K. Lines, and "K" Line. In recent years, it has actively expanded its business scope. Recently, ONE also increased its equity stake in Atlas Corp, which owns Seaspan Corp, the world's largest provider of containership tonnage. The transaction to acquire a 30% stake in Hutchison Laem Chabang Terminal is still subject to regulatory approvals. Upon completion, it will further enhance ONE's competitiveness in Asian ports.