August 2, 2007
NYK takes 100 percent of reefer venture
NYK Line now controls 100 percent of Stockholm-headquartered NYKLauritzenCool AB, one of the world's largest operators of specialized reefer vessels.
NYK Line's NYK Reefers Limited has acquired the 50 percent share of the company previously held by the joint venture partner J. Lauritzen A/S.
Torben Janholt, President and CEO of J. Lauritzen A/S noted that "as a part of Lauritzen's overall strategy we decided to sell our reefer fleet in 2006 and it is therefore only natural that NYK takes over our 50 percent share holding of our joint marketing company. "
Hiroshi Yamafuji, CEO of NYK Reefers said NYK had enjoyed an excellent partnership with J. Lauritzen, and noted that, for NYK, reefer shipping and logistics is an important part of group services to its worldwide customers. "We are looking forward to further development of the company." he said.
Mats Jansson President and CEO of what will now be simply NYKCool AB said "we are with great enthusiasm looking forward to increased cooperation with NYK and the future challenges in the reefer business.