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Thursday, January 18, 2018

NYK Establishes Logistics Company for Finished Cars in Kenya

Maritime Activity Reports, Inc.

October 18, 2016

Photo: NYK Line

Photo: NYK Line

 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. At the port of Mombasa, Kenya, this new company will offer a variety of services, such as inland transport, and pre-delivery inspection (PDI) as well as car storage and customs clearance within this year.
Making use of a strategic partnership combining the knowledge and the expertise that Bolloré and Toyota Tsusho have accumulated through their business activities, together with NYK’s extensive experience with finished-car logistics solutions around the world, Bolloré NYK Auto Logistics Limited will be well positioned to provide widespread customers with high quality services for East Africa.
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