August 25, 2016
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. ：
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