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NYK and MOL to Help China's Xinsha Port Operate Car Carrier Terminal

July 7, 2004

NYK and Mitsui O.S.K. Lines, Ltd. (MOL) have signed a contract with Guangzhou Port Group Co., Ltd. of China to provide the port of Xinsha with highly sophisticated techniques for car carrier terminal operations. Xinsha is expected to become a key port of call for oceangoing car carriers in the years ahead.

The signing ceremony, held in Guangzhou city on July 6, was attended by Guangzhou Port Group Chairman & CEO Chen Hongxian, NYK Managing Director and Representative for China Koichi Aoki and MOL Executive Officer Toshitaka Shishido.

Guangzhou Port Group will build a motor pool capable of keeping 1,700 finished cars behind the port of Xinsha by the end of October. NYK and MOL will provide advanced techniques related to the operation and management of the motor pool and cargo handling work for car carriers, including the carriage of cars to the wharf, the loading of cars onto ships and on-board cargo handling.

Against the background of the fast-growing automobile market in China, the shipment of finished cars from Guangzhou is expected to get into full swing from next year. The supply of sophisticated cargo-handling technology for car carriers by the two Japanese shipping companies will contribute a great deal to upgrading car-loading techniques and improving the quality of car exports from Guangzhou.

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