Singapore-based shipping company Ocean Network Express (ONE) and Japan’s MTI Ltd. have established a joint venture (JV) company in Vietnam with the aim of promoting digital transformation of operations and business models in the shipping industry by using artificial intelligence (AI) technology.Established in December 2025, QUAVEO Company Limited is located in Ho Chi Minh City, has a capital of $1.6 million, and is being led by CEO Ichiro Igari, Managing Executive Officer at MTI,MTI holds a 51% share in the JV, with ONE holding 49%.According to the partners, QUAVEO was established to realize problem-solving and new value creation for customers, including the shipping industry, by leveraging ONE’s knowledge and practical experience in the container shipping industry and MTI’s know-how in AI-utilized human resource development.The company will promote the development of AI talent familiar with customer operations and the rapid development and introduction of AI solutions that function effectively on the front lines.
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,” Igari said.
“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.”