NYK to Conclude Strategic Partnership with Dalian Port, China
October 5, 2004
On September 28, 2004, Nippon Yusen Kaisha (NYK) exchanged a "Memorandum of Understanding" for its strategic partnership with Dalian Port Corporation in Dalian, China, in the presence of Dalian Mayor, Xia De Ren, aiming for further improvements of container terminals on the China seacoast.
The Company already established a joint venture company, Dalian Automobile Terminal Co., Ltd., for the purpose of having a joint automobile terminal business with the Corporation in December 2003. Upon conclusion of the "Memorandum of Understanding," NYK promises to enhance cooperative relations regarding the investment, development and construction of container terminals and further aims to develop other possible categories, so as to cooperate with each other for both parties' benefits.
Dalian is a major urban city for the three north eastern provinces of China and, as the hub of the north eastern industrial region, also one of the leading cities in China. Dalian seaport plays strategic operations with its foresightedness aiming to be a crucial international hub port in north eastern Asia.
NYK has aggressively planned business deployments group-wide in China for its logistics division, liner services division, terminal & harbor transport services division, specialized carriers division, and so on. In relation to this, in January 2004, the Company launched the branch office of NYK Line (China) Co., Ltd. in Dalian. Secretary of Dalian, Sun Chun Lan and Mayor Xia De Ren place great expectations on the establishment of the strategic partnership between the Corporation and NYK believing that it answers the needs of this age.
As the Company has urged aggressive business deployment for its total logistics business in China, the function of its terminal & harbor transport services is becoming increasingly important in terms of stable door-to-door services. Taking this "Memorandum of Understanding" as a starting point, NYK intends to keenly implement the terminal & harbor transport services policy, which firmly supports the total logistics business of its infrastructure, by aggressively promoting cooperation and partnerships with other Chinese harbors.