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About Nippon Cargo Airlines Co., Ltd.

Nippon Yusen Kabushiki Kaisha, known as NYK Line, is at home in ports around the globe. With a fleet of over 700 vessels, the company is one of the world's largest marine transportation providers. The NYK Line fleet includes bulk carriers, containerships, tankers, and a variety of specialized vessels, including car carriers and liquefied natural gas (LNG) carriers; overall, the fleet has a capacity of more than 65,000k deadweight tons (DWT). The company operates in more than 45 countries.

Operations

NYK Line divides its operations into several segments. Global Logistics is its largest (and includes liner trade, air cargo, and logistics), contributing nearly 45% of the company's total sales in 2019. Bulk shipping generated more than 45% of the company's revenue. Its other operations accounted for the remainder of sales.

Geographic Reach

NYK Line has almost 610 logistics locations around the world. Around 200 logistics and warehouses are located in South Asia and Oceania, nearly 125 in East Asia, about 180 in Europe, almost 125 in Japan, and around 100 in the Americas.

NYK Line is headquartered in Tokyo, Japan.

Financial Performance

The company had a revenue of ¥1.7 trillion in 2019, a 9% decrease from the previous year. Logistics and Bulk Shipping segments had lower sales volume for the year.

Profit for 2019 totaled ¥13.5 billion.

Operating activities generated ¥116.9 billion, while investing activities used ¥54.9 billion. Financing activities used another ¥61.7 billion.

Strategy

The company is advancing a differentiation strategy in ESG management, based on the "Digitalization and Green" theme in its medium-term management plan. From a "Green" standpoint, the company is taking on the challenge of achieving zero emissions in ship operations by converting ship fuels and participating in the hydrogen and ammonia business. In order to increase the safety of ship operations, the company intends to make advances in the "Digitalization" of technologies for ship operations and manned autonomous ships.

Mergers and Acquisitions

NYK Line (Vietnam) Co. Ltd., a subsidiary of NYK Line, has acquired 15% of total issued shares of Thoresen Vinama Tug Co. Ltd. (TVT hereunder) and entered the tugboat business at Phu My and Cai Mep ports in Vietnam. TVT has two tugboats providing tugboat services at Phu My and Cai Mep ports, located in the suburbs of Ho Chi Minh and the largest ports in the nation in terms of import/export cargo and inbound/outbound vessels. 

Nippon Cargo Airlines Co., Ltd.

663 N Access Rd
Chicago, IL 60666-5052
Phone: 1 (773) 894-8411

Firm Stats

Employer Type: Privately Owned
Senior Executive Managing Director: Keita Sataka
Senior Vice President: Masaya Suzuki
Chairman Of The Board: Naoya Tazawa
Employees (This Location): 51
Employees (All Locations): 227

Major Office Locations

Chicago, IL

Other Locations

Los Angeles, CA
Atlanta, GA