Ocean Network Express Pte. Ltd. signed definitive agreement to acquire 51% stake in Yusen Terminals, Inc. from Nippon Yusen Kabushiki Kaisha (TSE:9101) on December 27, 2022. In a related transaction, Ocean Network Express also signed definitive agreement to acquire 51% stake in TraPac LLC from Mitsui O.S.K. Lines, Ltd on December 27, 2022. The closing of the transactions is subject to the approval of the relevant authorities.

Ocean Network Express Pte. Ltd. completed the acquisition of 51% stake in Yusen Terminals, Inc. from Nippon Yusen Kabushiki Kaisha (TSE:9101) on November 6, 2023. In a related transaction, Ocean Network Express completed the acquisition of 51% stake in TraPac LLC from Mitsui O.S.K. Lines, Ltd on November 6, 2023 and 20% stake in Rotterdam World Gateway on November 6, 2023. Ocean Network Express has obtained all necessary regulatory approvals.