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Issue #589

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New York Ports

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2014 Media Kit
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NYK Invests in Shanghai Port Container Terminals

By: | at 07:00 PM | Liner Shipping  

NYK expects to be admitted as an investor in Phase 3B of Da Xiao Yang Shan Container Terminals , now being developed under the auspices of Shanghai International Port (Group) Co., Ltd (SIPG).

Koji Miyahara, president of NYK, visited Han Zhen, mayor of Shanghai, on December 24. At their meeting, Mayor Han stressed that Shanghai is aiming to become a key international shipping and logistics center and will aggressively develop its centralized shipping and air-cargo logistics facilities.

President Miyahara mentioned that NYK’s container-handling volume in Shanghai has grown 50% over the last three years and that the company would continue to promote its business in Shanghai as a key strategic market.

NYK first started weekly container vessel service in Shanghai in 1994, then launched North American West Coast service operated as Grand Alliance in 1996. The company presently has 22 weekly services connecting Shanghai with various destinations around the world. Its handling volume in Shanghai this year is estimated at over 500,000 TEUs.

In addition to its investment in Phase 3B of the Da Xiao Yang Shan project, NYK has announced its investment in Phase 3 of Da Yao Wan Container Terminals in Dalian . The company’s investments in these projects will strengthen its bases for container transportation and respond effectively to the growing needs for high-quality logistics solutions in Northern and Eastern China.

NYK has separately invested in China’s RORO (roll on, roll off) terminal businesses in Shanghai, Dalian, and Tianjin. Future expansion of these RORO logistics facilities is on the agenda, responding to demand in the rapidly-growing markets of Shanghai and Tianjin.

With this series of investments in vessels, containers, and RORO terminals, NYK intends to bolster its position as a highly competitive ‘integrated logistics service provider.’