Japan’s NYK Logistics enters UAE shipping market
Nippon Yusen Kaisha (NYK) of Japan, one of the world’s leading shipping and transport companies, announced the establishment of NYK Logistics (Middle East) LLC to meet the growing demand for supply chain solutions in the region. The new office is part of NYK’s strategy plan to expand its global logistics business.
Based in Dubai, at the Jebel Ali Free Zone, the company offers end-to-end supply chain solutions including international freight forwarding, warehousing and distribution, as well as value-added services such as packaging, co-packing and banding.
“With our global network and international transportation experience, combined with the local expertise, we will offer the highest standards of service and safety to our customers,” said Taizo Akabane, director and general manager of NYK Logistics Group. Outsourcing logistics services enables the companies to use their working capital more efficiently in terms of reducing inventory and facility investment as well as shorten delivery lead times.
“We are excited to enter the United Arab Emirates (UAE) market with this new venture and gladly take up the challenge of meeting customers’ logistical needs which are becoming more complicated as the business process of sourcing, manufacturing and marketing extends to a global context, ” added Akabane.
The company’s range of logistics services is aimed at serving the unique supply chain needs of multinational Japanese companies in the consumer electronics and automotive spare parts industries in the UAE. The company will also leverage on the vast customer base of NYK worldwide, according to Hanif Mohammed, business manager, NYK Logistics (Middle East) LLC.
The establishment of NYK Logistics (Middle East) LLC follows NYK’s recent expansion into Europe and the Americas, signifying its commitment to be a lead logistics provider on a global scale.
Founded in 1885, NYK is one of the world’s leading shipping companies, operating the world’s largest cargo fleet. NYK also serve customers around the world with inland transport and related intermodal logistics services. In addition, NYK operates luxury cruise ships, as well as various leisure and recreational vessels. — (menareport.com)
© 2003 Mena Report (www.menareport.com)