NYK Reefers and LauritzenCool have now received clearance from the European
Commission to merge their reefer activities. The new company, NYKLauritzenCool AB
owned on a 50/50 basis by NYK Reefers and J. Lauritzen, will become one of the world’s
largest reefer shipping companies, operating more than 70 specialized reefer vessels of
various sizes, in all major reefer trades.
Negotiations for the forming of a joint company have been going on since the beginning of this
year when J. Lauritzen A/S
and NYK Reefers agreed on a Memorandum of Understanding with
the aim to merge their reefer activities, following a strategic co-operation and vessel sharing
agreement launched in January 2004.
Discussions have been nourished by several elements, one of which is the fact that the two
companies’ activities match each other as pieces in a jigsaw puzzle.
“If you draw our respective trades and lines on a map, you’ll find that together they cover all
major growing and consuming areas and match perfectly”, says Torben Janholt
, CEO of
J. Lauritzen and Mr. Yamafuji
, CEO of NYK Reefers, adds, “This goes for our respective
strengths in business focus and organization as well.”
NYKLauritzenCool AB will
be based in Stockholm, occupying LauritzenCool AB’s former head
office. NYK Reefers office
in London will become branch office and continue to service their
customers as earlier.
, CEO, does not foresee any major organizational changes but rather minor
adjustments as the merger progresses. “Our main task for the immediate future is to get our
merged operations up and running at an optimum”, says Jansson. “Our client contact staff
will remain the same and gradually our clients will experience an improvement in our services,”
Mr. Jansson affirms. “Local and regional business relations and responsibilities will remain
decentralised to our offices in major markets around the world.”
Following the merger, NYK Reefers and LauritzenCool join their respective fleets and the new
company will hence operate more than 70 specialised reefers of different classes between
300,000 cbft and 760,000 cbft, most of them equipped with high container capacities and
modern treatment facilities such as controlled atmosphere, CA.
It is the new company’s intention to actively seek innovative solutions to old and new problems,
and to develop new logistics and transport concepts. “There is a fresh climate of optimism and
belief in the future of this business. Everyone is aware of the fact that contemporary ideas are
needed, but they can only be realized by reefer companies with financial and organisational
strength such as NYK LauritzenCool,” Mr. Jansson concludes.