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NYK, Yamato establish joint venture

NYK, Yamato establish joint venture

   Japan’s Nippon Yusen Kabushiki Kaisha and Yamato Holdings Co. Ltd. have established a joint venture company, Yamato NYK Global Solutions Co. Ltd., to serve as the focus of it previously announced strategic alliance.

   The new company will initially operate out of NYK’s headquarters in Chiyada-ku, Tokyo, before moving July to a permanent office in Chuo-ku, Tokyo.

   Under terms of the alliance agreement, NYK and Yamato will combine domestic and overseas management resources within their sea, land and air logistics businesses.

   The partners’ first targets for business growth and developments are integrated global logistics service for Japanese exports and imports, business to business logistics service targeting China and management and leasing service of transport equipment using IC tags.