3-2, Marunouchi 2 Chome, Chiyoda-Ku
Tokyo 100-0005 Japan
Nippon Yusen Kabushiki Kaisha is a large global marine transportation and logistics company based in Tokyo, Japan. The company began operations in 1885, and is currently a major presence in the international container shipping business, terminal and harbor transportation sector, cruises, real estate and transportation logistics services industry. NYK Line is publicly listed on the Tokyo stock exchange and recorded revenues of roughly $14 billion in 2012.
One of the Largest Car Carrier and Bulk Fleets
A major portion of NYK Line’s revenues comes from its core bulk shipping business. The company currently is one of the largest car-transportation firms in the industry. Nippon Yuse Kaisha owns a fleet of over 100 car carrier vessels that it uses to transport automobiles between Japan and all regions of the world. Almost all of Japan’s major automobile manufacturing firms use Nippon Yusen Kabushiki Kaisha to transport new automobiles from their assembly plants to distributors in North America, Europe and Asia.
As part of NYK’s bulk shipping business the company also transports a wide range of dry bulk freight, such as coal, woodchips and iron ore to markets around the world. Over the past several years, the company has established an extensive network of business partners to bolster its ability to handle bulk freight shipments for major customers. NYK Line currently has long-term contracts with several major paper manufacturing companies, electric utilities and steel manufacturers in Europe and China.
Plenty of Other Ventures
In addition to its dry-bulk business, NYK is also a tanker transportation specialist. The company’s Petroleum, Chemical and LPG Transport division operates a fleet of Very Large Crude Carriers (VLCCs), Aframax vessels, product tankers and chemical tankers for transporting cargo such as petroleum products, liquid chemicals, LPG and ammonia. Nippon Yuse Kaisha provides tanker transportation services to some of the largest petroleum and petrochemical companies in the world.
In 2008, NYK set up an offshore business group that is involved in areas such as oceanographic research vessel operations, deep-sea drilling and drillship charters. The offshore unit is part of an attempt by NYK to diversify its business over the past two decades. The company, for instance, is currently also a large cruise ship operator. Most of NYK’s cruise ship revenues come from the United States and, to a lesser extent, Japan.
According to a Nippon Yuse Kaisha review in Supply Chain Leaders Intelligence magazine, NSK is considered one of the largest maritime transportation companies in the world in terms of revenues and overall shipping capabilities. In recent years, non-shipping services have gradually become a major part of the NYK Group’s service portfolio.