NYK expands scope in East Africa and Asia

NYK expands scope in East Africa and Asia

Oct 21, 2016: NYK Group has signed an agreement with Bolloré Transport & Logistics Kenya and Toyota Tsusho to establish Bolloré NYK Auto Logistics, a new joint venture in Kenya to handle imported vehicles. By the end of this year, the new joint venture will offer a variety of services at the port of Mombasa, including inland transport, PDI, car storage and customs clearance. In a statement, NYK said the combined experience of the joint venture partners meant Bolloré NYK Auto Logistics would be “well positioned to provide widespread customers with high quality services for East Africa”. Kenya, which is currently experiencing strong economic growth, is expected to see a rise in finished car imports and become a gateway for other countries in East Africa, it added. The NYK joint venture was signed off at the end of August in Kenya by Eric Melet, managing director of Bolloré, Takashi Hattori, senior managing director of Toyota Tsusho, and Koichi Chikaraishi, senior managing corporate officer of NYK. Kenya and Africa as a whole have been attracting more attention from the automotive sector of late. Last month, Volkswagen signed an agreement with the Kenyan government to start building the Polo Vivo at a facility in Thika, near Nairobi, by the end of this year. Earlier this month at the Automotive Logistics UK summit, meanwhile, Philippe Funda, lead analyst for the EU, Middle East and Africa at forecasting consultancy PWC Autofacts, highlighted the Middle East and Africa as an area of increasing importance to the sector.

Related Posts

Implementation of Lomé Declaration will drive Africa’s air cargo growth: ICAO Council President

Implementation of Lomé Declar ...

Jun 28, 2017: Air cargo segment’s growth depends on technological innovation, regulatory reforms and investment in infrastru ...

Boeing and Royal Air Maroc signs agreement to convert passenger plane into freighter

Boeing and Royal Air Maroc sig ...

Jun 28, 2017: Moroccan Company Royal Air Maroc has entered into an agreement with aircraft manufacturer Boeing for conversion of B ...

Spice jet ropes in TCI to manufacture Galleys for B737 Max aircraft

Spice jet ropes in TCI to manu ...

Jun 28, 2017: TCI, a global player in the aviation industry in design, certification and manufacturing of cabin interiors, has com ...

Vertical integration and innovations vital to improve cold chain for perishables moved by air

Vertical integration and innov ...

Jun 28, 2017: Tracking the transportation process of perishable commodities from the time it leaves the manufacturer to the time i ...