Ocean Network Express (ONE) and MTI established a joint venture, “QUAVEO Company Limited”, in Ho Chi Minh City, Vietnam, in December 2025.
The new company aims to promote Digital Transformation (DX) of operations and business models by utilizing AI technology.
By combining the strengths of both companies, QUAVEO aims to drive DX in the container shipping industry and create new use cases for AI applications.
Ichiro Igari, Managing Executive Officer, MTI Ltd., said:
“MTI has strengthened the AI development and data science team launched at our Vietnamese subsidiary, MTI Technology, and has proceeded with business implementation mainly for our own services. In that process, we met ONE and gained the opportunity to utilize our AI development capabilities in real businesses that move people, goods, and money on a large scale. Currently, the ability to flexibly conceive ideas from a business perspective regarding AI technology, which is evolving at an unprecedented speed, is required in the market. In the new company, we will create results in the container shipping and healthcare businesses and realize business transformation through the latest AI technology for a wider range of client companies.”
Kenichi Michida, Senior Vice President, Ocean Network Express Pte. Ltd., said:
“ONE has built a strong relationship with MTI over many years, and as a result, we have already developed multiple solutions in-house. In the container shipping industry, the need for service quality improvement and operational efficiency utilizing AI and LLM is rapidly increasing. Through the establishment of this new company, we intend to introduce highly competitive AI/LLM solutions that meet these needs more rapidly and on a larger scale than ever before, and actively proceed with securing excellent AI talent.”
