NYK Establishes Company for Shipping Cars in Vietnam
Posted by Eric Haun
Monday, December 5, 2016
NYK has signed a joint-venture agreement with Vietnam Ocean Shipping Agency Corporation (VOSA) to establish NYK Auto Logistics (Vietnam) (NALV), a logistics company for finished cars. On December 2, a signing ceremony was held at the NYK head office in Tokyo and attended by Vu Xuan Trung, general director of VOSA, and NYK president Tadaaki Naito.
NALV will be owned by NYK (80 percent) and VOSA (20 percent) and will offer services for inland logistics such as the storage, delivery, and pre-delivery inspection (PDI) of imported cars to Vietnam, where sales are strong and increased demand is expected.
Globally, NYK currently has a stake in more than 40 companies providing finished car inland logistics, often combining inland logistics with sea transport by RORO vessels to offer a total logistics service.
VOSA is a shipping agent that is part of Vietnam National Shipping Lines (VINALINES), a government-managed shipping company in Vietnam.