Ocean Network Express Pte. Ltd. agreed to acquire 51% stake in TraPac, Inc. from Mitsui O.S.K. Lines, Ltd. (TSE:9104) on December 27, 2022. In a related transaction, Ocean Network Express agreed to acquire Yusen Terminals LLC. These acquisitions are part of the integration of the container shipping businesses from the parent companies into ONE.

Ocean Network Express Pte. Ltd. completed the acquisition of 51% stake in TraPac, Inc. from Mitsui O.S.K. Lines, Ltd. (TSE:9104) on November 6, 2023. All necessary regulatory approvals have been obtained.