NIPPON EXPRESS HOLDINGS ESTABLISHES NEW COMPANY IN SINGAPORE

KUALA LUMPUR, June 16 (Bernama) -- Nippon Express Holdings Inc has established NX Global Ocean Network Pte Ltd (NGO) in Singapore with the aim of strengthening its ocean freight-forwarding business. The new company opened for business on May 23.

According to a statement, 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, centralise purchasing, develop price-competitive Non-Vessel Operating Common Carrier (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 was opened for business.

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.

More details at https://www.nipponexpress.com/

-- BERNAMA