NYK Group Invests in Yang Ming's Kaohsiung Terminal
November 5, 2013
Nippon Yusen Kaisha
Nippon Container Terminals Co. Ltd.
Nippon Yusen Kaisha (NYK; head office: Chiyoda-ku, Tokyo; president: Yasumi Kudo) and Nippon Container Terminals Co. Ltd. (head office: Tokyo; president: Yasuyuki Usui), an NYK Group company, have decided to acquire a 12.5 percent stake in Yang Ming’s Kao Ming Container Terminal Corp. (KMCT).
KMCT was established as a Build-Operate-Transfer (BOT)* project under the Port of Kaohsiung’s Intercontinental Container Terminal BOT Project with the Kaohsiung Harbor Bureau, which is overseen by Taiwan International Ports Corporation Ltd. The terminal started operation in January 2011 and is well known for its high-quality automated services, safety, and environment-friendly facility.
Moreover, KMCT uses windmills and solar panels to generate power which has allowed the facility to cut CO2 emissions. KMCT emphasizes energy conservation, a reduction of emissions, and protection of the environment, and successes in these areas have won it a reputation as a “green terminal.”
KMCT has an excellent location that is near the entrance to the second harbor in Kaohsiung port. A vessel can quickly berth at its terminal by simply making a right turn. The terminal has a 960-meter-long berth with water as deep as 16.5 meters, long and deep enough to simultaneously accommodate two containerships of 14,000 TEUs or more.
The second-phase of the BOT project was started in 2012 and is scheduled to be completed in September 2014. At that time, KMCT will have four berths with a total length of 1,500 meters, and will be able to simultaneously accommodate four containerships of 14,000 TEUs or above.
The NYK Group will continue its effort to improve its container-terminal network and provide better service to customers.
* Build-Operate-Transfer (BOT)
Business method that allows private entities to construct, maintain, manage, and operate a facility, and the ownership is transferred to an administrator of the facility after business operations cease.
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