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NYK takes stake in Guangzhou auto terminal

NYK takes stake in Guangzhou auto terminal

Guangzhou: Nippon Yusen Kaisha (NYK) is taking a stake in a car carrier terminal in the port of Nansha in Guangzhou, China. The Japanese line is taking 12.5% stake Guangzhou Port Nansha Automotive Terminal in an agreement with three Chinese shareholder companies. The terminal handled 240,000 cars in 2010 making it the third largest automotive terminal in China.

NYK already operates dedicated car-carrier terminals in the ports of Dalian, Tianjin, and Shanghai, and this investment in Nansha, Guangzhou, gives NYK capital participation in dedicated car-carrier automobile terminals at China's four major ports. [07/02/11]