Yusen completes new Midlands site

Yusen Logistics’ has finished construction of its 186,000sq m warehouse at Prologis Park Wellingborough West, in the Midlands. With the highest BREEAM (Building Research Establishment Environmental Assessment Method), rating possible for its size the site is next to the A509 and ideally situated for Birmingham, London and the East Coast ports. Managing director for Yusen Logistics UK, Kevin Appleton (right), commented: The combination of Wellingborough’s location and Prologis’ delivery capability made a ... [+]

Commission fines car carrying lines for cartel activities

The European Commission has fined five car carrying shipping lines €395 million for taking part in cartels and breaking EU antitrust rules. It found that CSAV, "K" Line, MOL, NYK and WWL-EUKOR participated in a cartel for the intercontinental maritime transport of vehicles. It was part of a wider action by ... [+]

Yusen to buy Keswick’s Romanian logistics arm

UK-based Keswick Enterprises Group is to sell its Tibbett Logistics subsidiary in Romania to NYK forwarding subsidiary Yusen Logistics for an undisclosed sum, subject to Romanian Competition Council approval. The sale is expected to complete before the end of the year. Tibbett Logistics will become a wholly owned subsidiary of Amsterdam-based ... [+]

NYK to take total control of Yusen

Japan’s NYK shipping and transport group is to acquire the remaining 41% stake of its freight forwarding subsidiary, Yusen Logistics, that it does not own. It plans to complete the transaction by the end of March 2018. NYK Group foresees the creation of two main business ‘pillars’, namely air/ocean freight ... [+]

London to be Europe HQ for new Japanese joint line

K Line, Mitsui OSK and NYK have announced the name for their new joint grouping - Ocean Network Express, or ONE. The new company will start operations on 1 April 2018, bringing together then vessels and assets of Japan’s three largest container operators. An operating company will be established in Singapore ... [+]

Change at the top for NYK Group

Executive vice president and chief operating officer of NYK Group Europe, Svein Steimler has been appointed president and chief executive officer, succeeding Takuji Nakai. He is the first non-Japanese to hold such positions in NYK’s 131 year history. Hideki Suzuki, currently managing director of NYK Group Europe, will succeed Steimler ... [+]

Japanese shipping giants to merge

The three main Japanese-owned container lines – K Line, Mitsui OSK and NYK – are to merge, creating a million teu-plus grouping. A new joint-venture company will integrate the container shipping businesses including terminal operations outside Japan. The new joint-venture company will be formally established on 1 July 2017 and actual ... [+]

New box terminal for Jakarta

Jakarta’s new container terminal built by NYK Line, Pelabuhan Indonesia, Mitsui and PSA International has opened for commercial service at Tanjung Priok Port. It will be operated by the newly established company PT New Priok Container Terminal One and will have a capacity of about 1.5m teu a year, overall ... [+]

NYK signs Saudi car port deal

NYK has signed a joint-venture agreement with Ports Development Company in Saudi Arabia to establish a ro ro terminal operating company at King Abdullah port on the Red Sea coast. The KAP RORO Terminal is planned to go into full operation by the third quarter of 2016 and will be ... [+]

Yusen Logistics signs up Turkish partner

NYK Group's global logistics company Yusen Logistics signed a strategic collaboration agreement with Turkish İnci Logistics in Istanbul on 30 September. A member company of İnci Holding, İnci Logistics was founded in 1997 and provides domestic and international logistics, supply chain solutions and supply chain consultancy services. Yusen Logistics started its ... [+]

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