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 is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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