Nippon Express Holdings Launches New Company in Singapore: NX Global Ocean Network Pte. Ltd.

TOKYO,June 16,2022 -- 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.

Logo: https://kyodonewsprwire.jp/img/202206132473-O1-LEv2pxTy

Photo: Takahisa Tanaka / Managing Director / NGO

https://kyodonewsprwire.jp/prwfile/release/M103866/202206132473/_prw_PI2fl_f0KoS3FR.jpg

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

Profile

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: https://www.nipponexpress.com/

NX Group's official LinkedIn account:

https://www.linkedin.com/company/nippon-express-group/

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