GCTL8.com (FocusAsia Media Ltd)

HANOI, Dec 6 (FAM) – NYK has signed a jv agreement with Vietnam Ocean Shipping Agency Corporation (VOSA) – a government-managed shipping company in Vietnam – on Dec 2 to establish NYK Auto Logistics (Vietnam) (NALV), a logistics company for services for finished vehicles such as final inspections, repairs, and parts application before delivery to car dealer.

NALV and VOSA, which will be owned by NYK (80%) VOSA (20%) respectively, will offer high quality services for inland logistics such as the storage, delivery, and PDI of imported cars to Vietnam, where sales are strong and increased demand is expected.