Tuesday, 31/03/2026, 13:58 (GMT +7)
551
Shipping Line ONE Acquires 30% Stake in Key Laem Chabang Port, Thailand
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Japanese container shipping line Ocean Network Express (ONE) is utilizing a portion of the profits accumulated in recent years to accelerate the development of its own global port network.
The Singapore-headquartered ocean carrier has officially announced the signing of a share purchase agreement to acquire a 30% ownership stake in Hutchison Laemchabang Terminal Limited (HLT) in Thailand. This strategic move comes swiftly on the heels of a recent stake acquisition deal at a terminal in Busan, South Korea. Currently, the financial value of the transaction has not been disclosed by the parties involved.
Commenting on this transaction, Hiroki Tsujii, Managing Director of ONE's Global Network and Product division, stated: "By deepening our partnership with Hutchison Ports, customers can benefit from enhanced reliability and efficient solutions within this essential trade hub."
ONE's acquisition of the stake in Laem Chabang occurs against the backdrop of the Hutchison Group actively seeking to sell off its port terminals worldwide for over a year.
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Source: Phaata.com (According to Splash247)
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