AsiaPorts and Logistics

NYK buys into Indonesian car terminal

Photo of Sam Chambers Sam ChambersAugust 21, 2023
789 Less than a minute

Nippon Yusen Kaisha (NYK) has acquired a 25% stake in Patimban International Car Terminal, a car terminal operator based at the Indonesian port of Patimban to the east of Tanjung Prior. The shares were acquired from Toyota Tsusho Corporation.

The port of Patimban is 120 km east of Jakarta and has been under construction in stages since 2018. The terminal was capable of handling 220,000 vehicles per year in 2022, and expansion is underway to increase capacity to 600,000 vehicles per year.

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Photo of Sam Chambers Sam ChambersAugust 21, 2023
789 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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