Toyota Tsusho Corp News

NYK has signed a joint-venture agreement with Bolloré Transport & Logistics Kenya Limited (Bolloré) and Toyota Tsusho Corporation to establish Bolloré NYK Auto Logistics Limited, a logistics company for finished cars. In late August, a signing ceremony was held in Kenya, and attended by Eric Melet, Managing Director of Bolloré, Takashi Hattori, Senior Managing Director of Toyota Tsusho Corp., Koichi Chikaraishi, senior managing corporate officer of NYK at which time they attended the ceremony to commemorate memorandums of understanding (MOUs) in Sixth Tokyo International Conference on African Development (TICAD VI). Kenya, a country currently experiencing strong economic growth, is expected to see a rise in finished car imports and become a gate port for countries in East Africa.

According to a June 17 report from The Business Times, Singapore launched the world's largest purpose-built bunker tanker by Hong Lam Marine. The 22,000 deadweight tonne tanker Spectrum, which was launched at Marina at Keppel Bay on June 16 and immediately put into service, is a collaboration between Hong Lam and Toyota Tsusho Corp (TTC). The tanker is estimated to have cost $30m. (Source: The Business Times)