Ocean Network Express acquires 30% stake in Thailand’s HLT

HLT operates Terminals D, C1&C2, and A3.

Ocean Network Express (ONE) has signed a share purchase agreement to acquire a 30% stake in Hutchison Laemchabang Terminal Limited (HLT), a key deep-water terminal operator in Laem Chabang, Thailand.

HLT, part of Thailand’s Eastern Economic Corridor, operates Terminals D, C1&C2, and A3.

The acquisition secures long-term terminal capacity and strengthens ONE’s presence in a key Southeast Asian market.

“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,” said Hiroki Tsujii, global chief officer of product & network division at ONE. “By deepening our partnership with Hutchison Ports, customers can benefit from enhanced reliability and efficient solutions within this essential trade hub.”

The transaction is pending regulatory approval and other customary closing conditions.