Free Porn
20.4 C
Wednesday, July 24, 2024
Home News NYK to sell Nippon Cargo Airlines

NYK to sell Nippon Cargo Airlines

Nippon Yusen Kabushiki Kaisha (NYK) entered into a Memorandum of Understanding (MoU) with ANA HOLDINGS INC. (ANAHD) to transfer entire shares of Nippon Cargo Airlines (NCA), a consolidated subsidiary, to ANAHD.

NYK has been a major stakeholder in NCA's management since its establishment in 1978, and purchased all of NCA's shares in 2010 with the goal of becoming a comprehensive logistics company offering ocean, land, and air transportation.

However, the constant introduction of new aviation to extend the operation and maintenance system, as well as the ongoing training of employees involved in operation and maintenance, necessitated a significant investment.

NCA has faced challenges in growing its business size at a level commensurate with such expenses in the highly volatile business climate of airfreight transportation.

According to the statement, ANAHD expressed a strong desire to acquire NCA, the only Japanese airline dedicated exclusively to air cargo transportation, wanting to add it to its business portfolio.

ANAHD aims to enhance its international air cargo network and products and services based in Japan, as well as to contribute to the development of global economic activities both in Japan and abroad.

Latest Posts

CMA CGM applies congestion surcharge in Guyana

Due to the current congestion at the port of Georgetown in Guyana, CMA CGM is implementing a Port Congestion Surcharge (PCS). Effective from 22 July,...

Port of Trelleborg proceeds with expansion project

Nearly 50,000 m² have now been paved by Skanska in the new eastern section of the Port of Trelleborg. This asphalting project is part...

Shifts in Container Rankings: ZIM surpasses Yang Ming, CMA CGM set to overtake Maersk

MSC and ZIM Line are the fastest-growing mainline operators, according to the latest Alphaliner’s report. MSC’s fleet has now crossed the 6 million TEU mark,...

Container ship fleet sees fastest growth in 15 years

Since the beginning of the year, the capacity of the container ship fleet has increased by 1.6 million TEUs. "Compared to one year ago, the...

CMA CGM applies peak season surcharge in Gabon

CMA CGM has announced the implementation of a Peak Season Surcharge (PSS) from the port of Libreville in Gabon. Effective from 15 August 2024 (loading...