Nippon Express Holdings, Inc. (Mitsuru Saito, President), has established NX Global Ocean Network Pte. Ltd. (Takahisa Tanaka, President; hereinafter abbreviated as "NGO") in Singapore with the aim of strengthening its ocean freight forwarding business, and the new company opened for business on Monday, May 23.
（Mr. Takahisa Tanaka / Managing director / NGO）
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.
|Name of new company||NX Global Ocean Network Pte. Ltd.Abbreviation: NGO|
|Address||5C Toh Guan Road East, Singapore 608828|
|Business description||Shipping company selection/centralized purchasing, NVOCC ocean freight product planning, sales and provision of services to Group subsidiaries|
|Date 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.