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            january 21, 2020

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CILF 2020

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NYK buys 30pc of Mexican car logistics firm during auto export boom


Japanese shipping giant NYK has acquired 30 per cent ownership of the CSI (Consorcio de Servicios Internacionales) Group, a finished-car logistics company as domestic auto sales and export boom, according to Shipping Gazette.
The signing ceremony was held at the NYK head office in Tokyo and attended by CSI chief executive Leon Antonio Flores Elizondo and NYK president Yasumi Kudo.
Mexican exports of cars is increasing, and a number of car companies making plans to build and expand plants is growing as domestic sales contribute to Mexico's strong economic performance, said an NYK statement.
Nippon Yusen Kabushiki Kaisha (NYK) is one of the world's leading transportation companies operating 846 major ocean vessels, as well as fleets of planes, trains, and trucks.
NYK's fleet consists of 389 bulk carriers, 126 containerships, 120 car carriers, 82 tankers, 51 wood-chip carriers, 28 LNG carriers, 18 heavy-load carriers / conventional ships, three cruise ships, and 29 other ships.

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