Devine Blue truck in front of the port.

Ocean Network Express (ONE) has announced it will takeover 51% of TraPac Terminals in Oakland and Los Angeles as well as YTI in Los Angeles. Previously MOL had the stake in TraPac and NYK in YTI.

“These acquisitions are part of the integration of the container shipping businesses from parent companies into ONE.”

Fingers crossed it also helps with container fluidity.

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