Nippon Express Holdings Launches New Company in Singapore: NX Global Ocean Network Pte. Ltd
June 16, 2022 at 02:00 am EDT
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Nippon Express Holdings Inc. has established NX Global Ocean Network Pte. Ltd. (hereinafter abbreviated as NGO) in Singapore with the aim of strengthening its ocean freight-forwarding business. The new company opened for business on May 23.
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.
Nippon Express Holdings Inc. specializes in freight transportation and logistics services. The group provides transport by land, air, rail and sea of products, materials, components, equipment, etc. on behalf of companies and organizations. At the same time, Nippon Express Holdings Inc. offers warehousing and supply chain management solutions. The group's activities are essentially organized around 3 areas:
- logistics services;
- cash and precious goods transportation services; and
- heavy equipment transportation services.
Net sales are distributed geographically as follows: Japan (59.2%), Asia and Oceania (18.3%), America (14.6%) and Europe (7.9%).
NIPPON EXPRESS HOLDINGS INC. 
