Ocean Network Express (ONE) has announced the signing of a share purchase agreement for a 30% stake in Hutchison Laemchabang Terminal Limited (HLT) located in Laem Chabang, Thailand.

The Singapore-headquartered shipping line said HLT is an integral part of Thailand's Eastern Economic Corridor and serves as a strategic gateway in Southeast Asia.

As the leading deep-water terminal operator in Laem Chabang Port, HLT runs the highly automated Terminal D, along with Terminals C1&C2 and A3.

This acquisition secures long-term access to competitive terminal capacity, further strengthening our presence in ONE’s key strategic market.

Hiroki Tsujii, global chief officer of ONE's Product & Network Division, said ONE's new investment in Hutchison Logistics Terminal marks a strategic step in strengthening its global port capacity.

"Our investment in HLT marks a significant milestone in our strategy to secure capacity in key gateways globally. HLT's industry-leading capabilities, as well as its commitment to advanced port technology align perfectly with ONE’s focus on operational excellence and innovation," he said. 

"By deepening our partnership with Hutchison Ports, customers can benefit from enhanced reliability and efficient solutions within this essential trade hub."

ONE said the share purchase is subject to customary closing conditions, including regulatory approvals.

The liner shipping company operates a fleet of over 260 vessels with a capacity exceeding 2 million TEUs. Through its extensive global network, ONE provides reliable container shipping services to over 120 countries.