NYK acquires J. Lauritzen¡¯s 50% share in NYKLauritzenCool

NYK Line subsidiary NYK Reefers has acquired the 50% shares of NYKLauritzenCool previously held by its joint venture partner, J. Lauritzen.

NYK now controls 100% of the company, which will be named NYKCool.

Lauritzen has been one of the pioneers in the reefer business for more than sixty years.

According to Hiroshi Yamafuji, CEO of NYK Reefers, reefer shipping and logistics is an important part of the NYK group’s services.

J. Lauritzen president & CEO Torben Janholt commented: “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% share holding of our joint marketing company.”