NYK sees NVOCC demand grow 50%
NYK Logistics claims global demand for its NVOCC services are growing by some 50% per year.
The company, which has been diversifying away from its core automotive markets, handled some 500,000 teu as an NVOCC in the financial year which finished at the end of March, up from 260,000 teu in FY 2006.
Samuel Chung, assistant GM of NYK Logistics’ international freight management division, said 60% of the volumes were shipped on intra-Asia routes which had proved more resilient than trades to the US and Europe.
“We’re doing well by diversifying,” said Chung. “Before the NVOCC business wasn’t a strong part of NYK Logistics, but for the last two years we’ve seen strong growth and this is helping mitigate the economic downturn.
“We’ve been seeing less automotive business, but we’re shipping a lot of electronic consumer goods.
Our forwarding volumes in China are also up 12% in April this year compared to April 2008.”
The NYK group’s liner business ships some 25% of the logistics division’s NVOCC volumes. “We are independent in terms of operation,” he said. “We’re not bound by lines. We find the best option for customers.”
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