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NYK has signed a joint-venture agreement with Vietnam Ocean Shipping Agency Corporation (VOSA)* to establish NYK Auto Logistics (Vietnam) (NALV), a logistics company for finished cars. On December 2, a signing ceremony was held at the NYK head office in Tokyo and attended by Vu Xuan Trung, general director of VOSA, and NYK president Tadaaki Naito.

NALV will be owned by NYK (80%) and VOSA (20%) and will offer high quality services for inland logistics such as the storage, delivery, and PDI** of imported cars to Vietnam, where sales are 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 RORO vessels to offer a total logistics service. NYK plans to offer a similar comprehensive service throughout Vietnam.

Based on the company’s "More Than Shipping 2018" medium-term management plan, the NYK Group will utilize its accumulated expertise of high-quality transportation services around the world to secure stable profits.

* Vietnam Ocean Shipping Agency Corporation (VOSA)

A shipping agent that is part of Vietnam National Shipping Lines (VINALINES), a government-managed shipping company in Vietnam.

** PDI (pre-delivery inspection): Services for finished vehicles – such as final inspections, repairs, and parts application – before delivery to car dealer.

NYK has placed an order for 4,700 additional brand-new 40-foot refrigerated (reefer) containers, and the delivery of the new containers commenced in November. NYK procured 5,500 of the same type of containers last year, and the average age of company’s fleet of over 40,000 reefer containers has now fallen to four years.

The new order includes 600 Controlled Atmosphere (CA) containers. The advanced technology of these CA units ensures the freshness of perishable agricultural products, such as fruits and vegetables during long ocean transits. The CA technology regulates not only the temperature within the reefer unit but also the oxygen and carbon dioxide levels. These 600 CA units will be used mainly for the transportation of fruits from Latin America to Japan and other countries in the Asian region, and then for the export of Japanese vegetables, which are garnering more attention these days.

The demand for transportation by refrigerated containers is expected to expand at a solid pace in line with a strategy of economic growth by the Japanese government. The NYK Group will continue to proactively invest in its high-quality, competitive service in this growing field.

United European Car Carriers (UECC),* owned equally by NYK and Wallenius Lines, held a naming ceremony on November 21 at the Port of Zeebrugge, Belgium, for Auto Eco, the world’s first LNG-fueled pure car and truck carrier (PCTC). Auto Eco had been delivered to UECC on September 29.

The ceremony was attended by Geert Bourgeois, minister-president of the government of Flanders; Claire Tillekaerts, CEO of Flanders Investment and Trade; Masafumi Ishii, Japan’s ambassador to Belgium; Takao Kusakari, NYK senior advisor; and Koichi Chikaraishi, NYK senior managing corporate officer; among others.

Auto Eco is equipped with dual-fuel engines that can use either liquefied natural gas (LNG) or heavy fuel oil and marine gas oil. The vessel is also a Finnish/Swedish ice class 1A super vessel, thus allowing for safe, full-year sailing in the Baltic Sea, where ice is common in winter.

UECC will make every effort to improve its services and reduce environmental loads through the use of this unique ship.