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 Monday, May 23. Logo: https://kyodonewsprwire.jp/img/202206132473-O1-LEv2pxTy Photo: Takahisa Tanaka / Managing Director / NGO https://kyodonewsprwire.jp/prwfile/release/M103866/202206132473/_prw_PI2fl_f0KoS3FR.jpg 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. (*) NVOCC: Non-Vessel Operating Common Carrier Profile - Name of new company: NX Global Ocean Network Pte. Ltd. (Abbreviation: NGO) - Address: 5C Toh Guan Road East, Singapore 608828 - Representative: Takahisa Tanaka - Business description: Shipping company selection/centralized purchasing, NVOCC ocean freight product planning, sales and provision of services to Group subsidiaries - Capital: S$6,250,000 - Established: January 24, 2022 - Start of operations: May 23, 2022 - Capital structure: Wholly owned by Nippon Express Holdings, Inc. 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. Nippon Express website: https://www.nipponexpress.com/ NX Group's official LinkedIn account: https://www.linkedin.com/company/nippon-express-group/ Source: Nippon Express Holdings, Inc.