AsiaNet 96522

Tokyo, June 16, 2022 (ANTARA/Kyodo JBN-AsiaNet) -- Nippon Express Holdings, Inc. has established NX Global Ocean Network Pte. Ltd. (hereinafter abbreviated as "NGO") in Singapore with the aim of strengthening its ocean freight-forwarding business. The new company opened for business on Monday, May 23.

Photo: Takahisa Tanaka / Managing Director / NGO

The NX Group has positioned forwarding as one of its core businesses in the "NX Group Management Plan 2023 - Dynamic Growth" and has accordingly been working to expand its handling of ocean cargo as the base cargo for its forwarding business.

In 2020, Nippon Express set up a Global NVOCC (*) Center ("GNC") in Japan to select shipping companies, centralize purchasing, develop price-competitive NVOCC products, and improve and support services. To further enhance these functions and expand cargo-handling capabilities, the GNC's functions were transferred to multicultural Singapore, home to a diverse pool of human resources skilled in ocean freight operations, and the new company NGO opened for business on May 23.

(*) NVOCC: Non-Vessel Operating Common Carrier

- Name of new company: NX Global Ocean Network Pte. Ltd. (Abbreviation: NGO)
- Address: 5C Toh Guan Road East, Singapore 608828
- Representative: Takahisa Tanaka
- Business description: Shipping company selection/centralized purchasing, NVOCC ocean freight product planning, sales and provision of services to Group subsidiaries
- Capital: S$6,250,000
- Established: January 24, 2022
- Start of operations: May 23, 2022
- Capital structure: Wholly owned by Nippon Express Holdings, Inc.

Having reinforced its business infrastructure by founding this new company in Singapore, the NX Group will continue striving to expand its ocean freight-forwarding business by providing high-quality international ocean freight services.

Nippon Express website:

NX Group's official LinkedIn account:

Source: Nippon Express Holdings, Inc.

Reporter: PR Wire
Editor: PR Wire
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