NYK Line takes full control of its Vietnam subsidiary

NYK Line takes full control of its Vietnam subsidiary

NYK Line has announced that it has purchased the 49% equity shares in NYK Line (Vietnam) from its local joint venture partner VOSA Group of Companies and NYK Line (Vietnam) has become a wholly owned subsidiary of the company.

NYK Line set up in Vietnam nine years ago under a joint venture agreement. Recently the Vietnamese government approved the company’s application to fully control its Vietnamese subsidiary.

NYK Line carries about 300,000 teu to and from Vietnam annually, connecting the country to the world through 12 direct liner services.

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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