NYK to Combine Port and Harbor Transportation Businesses

NYK Line containershipIllustration; Image Courtesy: Pixabay under CC 2.0 license

Japanese shipping company Nippon Yusen Kaisha (NYK) and Mitsubishi Logistics Corporation (MLC) agreed to form a joint holding company to integrate port and harbor transportation business companies of NYK.

Specifically, the integration relates to the management of the four NYK Group terminal operation companies in Japan, and merging of UNI-X Corporation and Nippon Container Terminals.

” The aim is to consolidate quality improvement efforts and enhance long term service stability for port and harbor transportation business of the company group,” NYK said announcing the move.

NYK is the majority shareholder in the joint holding company with 51% stake, while MLC will hold the remaining 49% stake in the new entity.

The deal is subject to administrative approval by the authorities concerned and necessary proceedings.

Once, and if, the regulatory approvals are obtained, the duo plans to establish the holding company by November 2018, and merge UNI-X and NCT by January 2019.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >