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NYK (Nippon Yusen Kabushiki Kaisha), a leader in the global logistics market, and the ROLF Group, a leading logistics operator based in Russia, have agreed to terms on the launch of a joint venture that will result in NYK owning 51 percent of ROLF’s logistics business, ROLF SCS, with ROLF maintaining ownership of 49 percent of the shares.

The joint venture will embrace all parts of ROLF’s logistics business including ROLF SCS’ (1) terminal in Lobnya, (2) customs terminal and technical service center Elite-Trans, (3) CBU operation in the port of Zarubino, and (4) insurance agent ROLF Insurance. The JV will also use for its operations the rented terminal in Naberezhnye Chelny and the rented terminal Petrolesport, which has become a very important asset for CBU services.

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