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 about 875 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 50 million deadweight tons (DWT). In conjunction with its marine transportation business, NYK Line offers such logistics services as customs clearance, supply chain management, and warehousing, and operates more than 40 marine terminals.
NYK Line divides its operations into several segments. Global Logistics is its largest (and includes liner trade, terminal and harbor transport, air cargo, and logistics), contributing 52% of the company's total sales in 2015. Bulk shipping generated 42% of the company's revenue. Its real estate operations accounted for the remainder of sales.
NYK Line has some 450 logistics locations around the world. About 150 are located in South Asia and Oceania, 88 in East Asia, 76 in Europe, 72 in Japan, and 67 in the Americas.
Japan represented 75% of the company's total sales in 2015. Other markets include Asia (9%), North America (8%), Europe (7%).
NYK Line's revenues jumped 7% from 2014 to 2015 due to large gains from its Global Logistics segment, particularly within North America, Japan, and Asia. Its net income also increased by 44% in 2015 compared to 2014. This was sparked by the increased revenue, a gain on sales of shares of subsidiaries and affiliates, and additional foreign exchange earnings.
NYK Line is banking on increased demand for oil. About 80% of the company's new vessels are intended for use in the natural resources and energy transportation. Many of which are under long term contracts to customers in growing economies such as Brazil, China, and India.
Mergers and Acquisitions
The company often improves its geographical footprint through the use of acquisitions. In 2014 it purchased Tranco Terminal, the largest car-terminal operating company in Kazakhstan. NYK Line projects that auto sales will rapidly increase in Kazakhstan. In addition, the deal caters to the demand for transnational inland transport from the China and Russia areas bordering Kazakhstan and will provide a service to fulfill the various transport needs of its customers.
663 NORTH ACCESS RD
Chicago, IL 60666-5052
Phone: 1 (773) 894-8411
Employer Type: Privately Owned
President and Chief Executive Officer: Hitoshi Oshika
Senior Executive Managing Director: Keita Sataka
Chairman Of The Board: Naoya Tazawa
Employees (This Location): 58
Employees (All Locations): 269
Los Angeles, CA