NYK Auto Logistics gets formal go-ahead from the government of Vietnam
NYK Auto Logistics (Vietnam) (NALV), a finished-car logistics company jointly owned by NYK and Vietnam Ocean Shipping Agency Corporation (VOSA), received official approval on June 16 from the government of Vietnam to form a joint venture, and operations are scheduled to begin soon, the company said in its press release.
NYK currently has stakes in finished car inland logistics companies in 18 countries around the world, and Vietnam will be the 19th. The companies combine inland logistics with sea transport by RORO vessels to offer a total logistics service. NALV will offer a similar comprehensive, high-quality service in a proactive manner throughout Vietnam.