Panalpina and the NYK Group have agreed to changes in the level of their current cooperation in Japan with Panalpina Japan taking over control of its air and ocean freight operations with effect from January 2010. In line with an earlier agreement, Panalpina will continue to represent the NYK subsidiary Yusen Air and Sea Service interests in various countries. YAS will continue to provide services in Japan as a subcontractor for Panalpina.

In February 2007, Panalpina appointed the NYK subsidiary Yusen Air & Sea Service Ltd. (YAS) as its agent for the handling of air and ocean freight shipments in Japan. YAS in turn assigned Panalpina to be its representative in several countries including 23 countries across Latin America, Africa, Europe and the Middle East.

“An even stronger presence in the Japanese market under the Panalpina brand supports our global strategy with focus on global supply chain management solutions. In addition we can further strengthen our network”, said Panalpina CEO, Monika Ribar.