Nippon Yusen and Yusen Air merge

NIPPON Yusen Kabushiki Kaisha (NYK) and Yusen Air & Sea Service (YAS), have agreed to integrate their logistics divisions.

Under the agreement, YAS will change its trading name to Yusen Logistics Kabushiki Kaisha (Yusen Logistics). Meanwhile, in Japan, YK Logistics will be integrated into YAS in October. However, YAS will remain a subsidiary of NYK.

The companies will begin to merge their international operations between April 2011 and March 2012, mainly by establishing joint ventures, which the new company will make its subsidiaries.

YAS’ current president, Shunichi Yano (right), and Masahiko Fukatsu, current president of NYK Logistics, will both head the merged company.

In a statement, the companies said that the move aimed “to boost the value of the group’s logistics business by optimisation and efficiency improvement using maximised group synergy”.

Share this story

Related Topics

Latest news

Cathay Pacific hopeful on cargo following latest quarantine development

By Damian Brett

Cathay Pacific Cargo has welcomed the latest change to Hong Kong’s crew quarantine rules. Earlier this week, the government announced…

Read More

Share this story

Drones back on the agenda for air cargo

By Damian Brett

Before the pandemic hit the world of air cargo, there were five or six industry developments that were constantly hitting…

Read More

Share this story

Cargo volumes higher than pre-Covid levels at Brussels Airport

By Rachelle Harry

Cargo volumes at Brussels Airport are now higher than pre-Covid levels, according to its March 2021 figures. In March this…

Read More

Share this story