Ocean Network Express (ONE) and MTI have established a joint venture, QUAVEO Company Limited, to develop AI-driven services for the shipping industry.
The new company was incorporated in December 2025 and is based in Ho Chi Minh City, Vietnam. QUAVEO aims to combine ONE’s operational expertise in container shipping with MTI’s experience in AI development, data science and digital transformation.
QUAVEO will focus on developing AI-enabled systems for operational optimisation, including vessel allocation, equipment operations and logistics efficiency.
The company will also develop AI services to support business automation through AI agents, and provide AI talent development and in-house production support for client organisations.
The venture will initially target the container shipping sector, while also planning to expand AI development into other industries such as distribution and manufacturing.
QUAVEO is capitalised at approximately US$1.6 million, with MTI holding a 51% stake and ONE 49%. Ichiro Igari, Managing Executive Officer at MTI, has been appointed CEO.
