TOKYO : At a ceremony held in Istanbul on April 5, NYK signed an agreement to jointly build and operate a finished-car logistics terminal in Yarimca Port near Istanbul, Turkey.
The new joint venture will be owned and operated together with OYAK Denizcilik ve Liman İşletmeleri A.Ş. (OYAK PORT), a port-management subsidiary company that is part of OYAK, a leading Turkish conglomerate. Süleyman Savaş Erdem, General Manager of OYAK, and Koichi Chikaraishi, NYK Representative Director and Senior Managing Corporate Officer, were on hand for the signing.
NYK will participate in the port's construction, and the new terminal will be the first large terminal that is located in the suburbs of Istanbul and dedicated to finished cars. Operations are scheduled to commence in the middle of 2019, and high quality services such as PDI will be offered. Making use of OYAK PORT’s business base and NYK’s expertise in automobile transportation and terminal management, the new joint venture will be positioned to respond to demand in an area where finished-car imports and exports are expected to rise.
In accordance with its new medium-term management plan “Staying Ahead 2022 with Digitalization and Green,” the NYK Group seeks to secure stable freight rates by strengthening the company’s auto-logistics businesses and continuing its efforts to provide high quality, competitive services.