NYK Celebrates Signing of 25-year Lease for a Container Terminal at the Port of Tacoma
September 21, 2007
On September 10, 2007, Nippon Yusen Kabushiki Kaisha (NYK; head office: Chiyoda-ku, Tokyo; president: Koji Miyahara) and the Port of Tacoma celebrated the signing of a 25-year lease for a container terminal on the industrial east side of Tacoma's Blair Waterway in the U.S. state of Washington. The lease will commence when the terminal is completed in 2012.
For the Port of Tacoma, Commissioner Richard P. Marzano and Executive Director Timothy J. Farrell attended the ceremony, at which an exchange of gifts occurred. NYK was represented by Koji Miyahara, president; Minoru Sato, representative director and executive vice-president; and a number of others.
Commissioner Marzano emphasized that the Tacoma port would play a significant role in logistics along the U.S. West Coast, where cargo movement has been rapidly increasing. NYK president Miyahara stressed that the establishment of NYK' own operating terminal at the port would help ensure reliable services by the company. At the same time, he promised that NYK would continue to enhance the cooperative relationship it has with the Port of Tacoma.
This new terminal at the port of Tacoma, together with NYK' own terminal at the port of Los Angeles, is a key part of NYK' plans to enhance container services between Asia, where the company' business is expected to expand in the future, and the west coast of North America.