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Two of Japan’s major shipping lines have outlined plans to substantially beef up their logistics divisions as a way of offsetting continuing weakness in the container and other shipping segments.
In a New Year address to employees, NYK president Yasumi Kudo said: “Amid intensified and inevitable competition in the liner sector, which has seen the greatest gap between supply and demand, we have been concentrating our efforts in the logistics business, as a way to differentiate ourselves from our competitors in ...
Comment on this article
Lou Roll
January 08, 2014 at 3:01 pmInteresting article. How about the other member of the Japanase “Big 3”, i.e. Mitsui, with its long established MOL Logistics and Mitsui-Soko logistics businesses?
Gavin van Marle
January 08, 2014 at 3:54 pmLou,
Of course MOL has its logistics businesses, it is just that neither were explicitly mentioned in the president’s new year address. Rather, he focused on the need for the line to form long-term contracts with shipping line customers and look to areas such as its LNG shipping business for diversification. In terms of non-maritime activities, the only area mentioned was its terminal operations arm.
Kind regards,
Gavin