Tokyo: Japanese shipping giant NYK is looking to expand in Malaysia through mergers and acquisitions, reports the Edge Financial Daily. "In this current economic crisis, we will continue to look for good opportunities to capture more market share via M&A and other channels," NYK Logistics' corporate representative Kimio Maki is quoted as telling the paper.
NYK currently holds a 27.8% stake in Trans-Asia Shipping Corp, said to be Malaysia's fourth-largest logistic company by sales. [28/01/09]
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.
Add Seatrade Maritime News to your Google News feed.
