NYK sets up NVOCC

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NYK Logistics has launched a non vessel operating common carrier (NVOCC) service under the name Double Wing Express.

NYK is, of course, a major shipping line but the growth in imports from the Far East to Europe has meant that  its European NVOCC business has grown substantially over the past two years, with a further 30 per cent uplift forecast in the current financial year. Worldwide, NYK’s NVOCC business handled around 300,000 TEU in 2007. Under the DWE banner, it expects to handle more than one million a year 2012.

Double Wing Express is  headquartered in Hong Kong with around 60 offices worldwide. It offers a complete range of services, including FCL and LCL. With a single Bill of Lading, common operating systems and procedures, automated data interchange with DWE offices and agents/suppliers worldwide and a global web-based track and trace system, DWE provides customers with a seamless service from initial enquiry to cargo delivery along with consistent service levels and complete visibility on a truly global basis.

The name has been taken from NYK’s double wing logo. Philip Brown, international business unit director for NYK Logistics (UK) Ltd said: “NYK’s approach to the role of an NVOCC differs from that of many of our competitors; as a logistics business, ocean freight is seen as an integral part of the end to end supply chain which is not purely a cost but part of a solution which needs to provide the optimum balance between cost and service. The majority of our competitors have evolved from being traditional freight forwarders to offer an NVOCC service and perceive ocean freight as being entirely commodity rather than value driven.”

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