Kawasaki Kisen Kaisha : Establishment of “Nitto Baxi Private Limited” - Joint Venture for Cargo handling Service in India.
August 29, 2016 at 11:13 pm EDT
Share
August 30, 2016
Kawasaki Kisen Kaisha, Ltd.
KAWASAKI KISEN KAISHA, LTD. ( 'K' Line ) has established its Cargo Handling Service Joint Venture 'Nitto Baxi Private Limited' in India with our group company 'Nitto Total Logistics Ltd.' and our business partner J.M. Baxi & Co.
'Nitto Baxi Private Limited' plans to start stevedoring and handling of vehicles carried by Car Carrier initially. The target is to extend similar services to other type of vessels as well.
'Nitto Baxi Private Limited' is expected to provide safer and more efficient cargo handling service by dint of the superior Japanese systems and controls, and the synergy of superior cargo handling skill of Nitto Total Logistics Ltd and the exceptionally rich and diverse track record of J.M. Baxi & Co in Indian Shipping Sector since 1916.
'K' Line Group positioning Logistics Business as a sector which contribute to stable earning in our Medium-Term Management Plan ' Value for our Next Century - Action for Future -' . We will move forward to develop logistics business in rapidly developing countries surrounding Asia.
1. Corporate Name
Nitto Baxi Private Limited
2. Location
Mumbai, INDIA
3. Representative
Katsumi Teranishi
4. Capital
1,000,000 Indian Rupees
5. Established
18th August, 2016
6. Share Ratio
Kawasaki Kisen Kaisha, Ltd 10.0%
Nitto Total Logistics Ltd. 40.0%
JM Baxi & Co 50.0%
＊ J.M Baxi ＆ Co. ：
Established: 1916
Business description: Agency Service/Owned Terminal Operation/Cargo Handling/Chartering & Broking/Marine Transportation, etc. involving all service, logistics and infrastructure in Indian maritime cluster.
'K' Line and J.M. Baxi & Co. have joint venture named 'K' Line (India) Private Limited as agent of 'K' Line which are serving not only Agency services but also logistics, such as customs clearance, inland transportation and warehousing. In addition, they are providing Marine related services, like 'Ship Inspection & Audit' and 'Cargo Operation Supervision' etc..
Location of Head Office: Dubash House, 15, J. N. Heredia Marg, Ballard Estate, Mumbai, INDIA
Chairman: Krishna B. Kotak
Website: http://jmbaxigroup.com/
K Line - Kawasaki Kisen Kaisha Ltd. published this content on 30 August 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 30 August 2016 03:13:05 UTC.
Original documenthttp://www.kline.co.jp/en/news/detail/1205630_1997.html
Public permalinkhttp://www.publicnow.com/view/4F1BAD1241CE3F962CFCE5540EFA01313DD9C417
Kawasaki Kisen Kaisha, Ltd. is one of the Japanese largest maritime transportation providers. Net sales break down by activity as follows:
- logistics services (50.2%): warehousing, freight handling, port services, etc.;
- maritime transportation of freight (48.4%): transportation of dry bulk, oil products, liquefied natural gas, vehicles, containers, etc. At the end of March 2022, the group had a fleet of 434 vessels;
- other (1.4%).
Net sales are distributed geographically as follows: Japan (87.4%), Asia (6.3%), Europe (4.1%), the United States (2%) and other (0.2%).
KAWASAKI KISEN KAISHA, LTD. 
