NYK and Mitsubishi Logistics form port terminal JV

NYK and Mitsubishi Logistics form port terminal JV

Japanese shipping major Nippon Yusen Kaisha (NYK) has announced that it has agreed to form a joint holding company with Mitsubishi Logistics Corporation (MLC) to integrate management of four NYK terminal operating companies in Japan.

NYK and MLC will hold 51% and 49% respectively in the joint venture, which is expected to be established in November.

Under the plan, the joint venture will integrate the management of UNI-X, NCT, Asahi Unyu Kaisha and Yusen Koun, which operate port and harbour transportation businesses across Japan.

NYK is part of the Mitsubishi keiretsu, a Japanese word that means a group of businesses who are closely linked via shareholdings.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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