NYK establishes logistics company for finished cars in Vietnam

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NYK has signed a joint-venture agreement with Vietnam Ocean Shipping Agency Corporation (VOSA) to establish NYK Auto Logistics in Vietnam (NALV), a logistics company for finished cars. 

NALV will be owned by NYK (80%) and VOSA (20%) and will offer services for inland logistics such as storage, delivery and pre-delivery inspection of imported cars to Vietnam, where sales are reportedly strong and increased demand is expected.

NYK currently has a stake in over 40 companies all over the world providing finished car inland logistics, often combining inland logistics with sea transport by ro-ro vessels to offer a total logistics service. NYK plans to offer a similar service throughout Vietnam.

Source: NYK Line