Nippon Yusen Kaisha (NYK) and Mitsubishi Logistics Corporation (MLC) intend to establish a joint holding company this month and merge port and transportation business companies in April 2019.
Earlier this year, the duo unveiled plans to integrate management of the four NYK Group terminal operation companies in Japan through a new joint holding company and merge UNI-X Corporation (UNI-X) and Nippon Container Terminals (NCT).
NYK Group companies for the management integration include UNI-X, NCT, Asahi Unyu Kaisha and Yusen Koun.
To be located in Tokyo, the new holding company will be named MY Terminals Holdings Limited and will be owned 51% by NYK and 49% by MLC.
The joint company of UNI-X and NCT will have a trade name UNI-X NCT Corporation. The company, owned by MY Terminals Holdings Limited, will also be based in Tokyo.
In August, NYK said the purpose of management integration is to consolidate quality improvement efforts and enhance long-term service stability for port and harbor transportation business.
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