Singapore - Ocean Network Express (“ONE”) is pleased to announce the completion of its acquisition of a minority stake in New Priok Container Terminal One (“NPCT1”) in Jakarta, Indonesia.
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.
Jakarta is ONE’s third-largest volume port in Southeast Asia. This acquisition strengthens ONE’s presence in the regional supply chain; and helps safeguard the Company . . .
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