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NYK Line (Vietnam) Co. Ltd. Becomes a Wholly Owned Subsidiary
On September 28, 2015, NYK Line (Vietnam) Co. Ltd. became a wholly owned subsidiary of NYK.
Nearly nine years ago, NYK Line (Vietnam) Co. Ltd. was established in Vietnam as a joint-venture maritime transport agency between NYK (equity 51%) and the VOSA Group of Companies (equity 49%). NYK recently purchased VOSA???s shares, and the Vietnamese government approved the application for NYK Line (Vietnam) Co. Ltd. to become a wholly owned subsidiary.
The NYK Group carries about 300,000 TEUs to and from Vietnam annually, connecting the country to the world through 12 direct liner services. NYK also serves the country with bulk shipping services, transporting a wide range of cargo, such as coal, wood chips, and industrial plant facilities.
The NYK Group will continue to expand the services offered through NYK Line (Vietnam) Co. Ltd. in response to the various needs of its customers.
Outline of NYK Line (Vietnam) Co. Ltd.
(1) Head office Ho Chi Minh City, Vietnam
(2) Representative Satoru Mochida
(3) Equity holders NYK 100%
(4) Capital US$400,000
Reference:
???NYK Line (Vietnam) Co. Ltd. Established,??? November 8, 2006,
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NYK Sponsors Facilities for Project Hope School in China
NYK Line (China) Co., Ltd. has donated 30 bunk beds and some sports supplies to NYK Wangping Middle School, which is located in the rural area of Luoyang in Henan province.
On October 21, Yuji Isoda, a corporate officer at NYK and the company???s chief representative for China, visited the school with officers from the Luoyang municipal government and education bureau to attend a ceremony in recognition of the event. The school and the government expressed their sincere gratitude to the NYK Group for its 14 consecutive years of support.
Through Project Hope,* the NYK Group sponsored the construction of two schools, NYK Wangping Middle School in 2001 and NYK Xuncun No. 1 Middle School in 2004. The NYK Group has also provided classroom desks and chairs for the students, and this recent donation of beds is expected to improve the living conditions in the school???s dormitory. Further, the new sports supplies are expected to enrich the campus life.
Supporting education within local communities and areas that face special challenges is an important part of the NYK Group???s continuing corporate social responsibility (CSR) activities.
*Project Hope
Founded in 1989, Project Hope is a Chinese public benefit project organized by the China Youth Development Foundation. The project aims to improve educational facilities and support the education of children in poorer rural areas of China.
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New Versions of NYK Group Video Profile Released
New English and Chinese versions of the NYK Group???s video profile have been created and posted on the NYK website.
The new profile introduces the various segments of NYK???s global business operations covering ocean, land, and air transportation.
NYK???s emphasis on safe ship operations is also underscored, as is the group???s ???More Than Shipping 2018??? medium-term management
plan and the creative solutions that highlight the plan.???
The video makes it easy to realize the activities and management strategy unique to the NYK Group, a global, dynamic enterprise having
over 130 years of shipping and logistics experience.
The new versions can be accessed through the web link below.
