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NYK Enters Tugboat Business

NYK Line (Vietnam) Co. Ltd entered the tugboat business at Phu My and Cai Mep ports in Vietnam. NYK entered the business by acquiring 15% of the total issued shares of Thoresen Vinama Tug Co. Ltd. (TVT)

Vietnam has a huge growing future for the tug boat business. Considering the fact NYK has done the investment to achieve long term benefits to the company.

TVT has two tugboats providing tugboat services at Phu My and Cai Mep ports.

NYK is keen on their medium-term management plan “Staying Ahead 2022 with Digitalization and Green”. In compliance with the plan, NYK invests in emerging markets and growth industries.

Thoresen Vinama Tug Co., Ltd. Has established in January  2019. Company has a fleet of two tug boats

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