LauritzenCool and NYK Reefers in New Cooperation
Thursday, August 28, 2003
LauritzenCool and NYK Reefers will start a cooperation as from January
next year. This new partnership involves both a tonnage sharing agreement
and NYK Reefers taking a 50% share of LauritzenCool Logistics. This
partnership will create economies of scale and sharing of resources as
well as increasing the ability to offer even more complex logistic
solutions at competitive prices.
LauritzenCool AB and NYK Reefers Ltd. have entered into a long-term
tonnage sharing agreement with effect from January 1st 2004. Each company
will continue to market and negotiate their own services, however, vessels
out of the combined fleet will be used to optimise and further improve the
service to the customers.
The combined fleet will comprise more than 70 modern specialised reefer
vessels between 375f-760f cubic feet. By this agreement both companies
will enjoy economies of scale and sharing of resources whilst still
maintaining an independent reefer operation.
LauritzenCool AB and NYK Reefers Ltd. have also agreed that from January
1st 2004, NYK Reefers Ltd will acquire 50% of LauritzenCool Logistics, a
wholly owned subsidiary of LauritzenCool AB.
LauritzenCool Logistics is a logistic service company offering integrated
services and multi-destination door-to-door solutions for perishable goods
to growers and exporters as well as importers and retailers.
By taking full responsibility for the transportation and logistics chain,
LauritzenCool Logistics offers savings to their customers by taking
economies of scale as well as safeguarding the integrity of the entire
Mats Jansson, CEO of LauritzenCool says that he is confident that this
agreement will further improve the service to our customers and also
enhance the return to our ship owning partners. We are looking forward to
being able to develop and strengthen both LauritzenCool as a group and
LauritzenCool Logistics as a company.
Mr. Fumiya Aoki, CEO of NYK Reefers continues saying that the new
cooperation with LauritzenCool will enable us to provide the most
efficient and flexible service to our valued customers. It is in line with
NYKLs strategy being a logistics mega carrier. We see more demands on
logistics services for reefer cargo and NYK wishes to be a good business
partner in this area.
Mr. Mathias Wideroth, Managing Director of LauritzenCool Logistics says
that this marks an important step in the development of the company. With
their vast experience from all aspects of transportation and logistics,
the entrance of NYK as a partner in LauritzenCool Logistics will increase
our ability to offer even more complex solutions at competitive prices to