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

Cargolux and DSV Panalpina to increase China freighter services

By Damian Brett

Cargolux and DSV Panalpina will increase freighter capacity to China over the coming weeks as production lines resume operations. The…

Read More

Share this story

Swissport achieves CEIV pharma first for Africa

By Damian Brett

Swissport has become the first globally operating air cargo handler to receive the CEIV Pharma certification for a facility in…

Read More

Share this story

Qatar Cargo freighters join coronavirus relief efforts

By Damian Brett

Five Qatar Airways Cargo freighters departed to China today carrying approximately 300 tonnes of medical supplies donated by the airline…

Read More

Share this story