NYK, Mitsubishi Logistics merge terminal operations in Japan
JAPAN's Nippon Yusen Kaisha (NYK) and Mitsubishi Logistics Corporation (MLC) have announced integration of the management of the four NYK Group terminal operations through a new joint holding company. Thus, UNI-X Corporation (UNI-X) and Nippon Container Terminals (NCT) will be merged on December 17 into MY Terminals Holdings, headquartered at 3-2, Marunouchi 2 Chome, Chiyoda-ku, Tokyo, with NYK holding 51 per cent and MLC, 49 per cent. The new firm will be under its new president, representative director Yoichiro Hara, said the joint statement.