Kawasaki Kisen Kaisha, (“K” Line) a Japanese logistics and ocean shipping company has acquired a 51 per cent stake in US-based logistics service provider Air Tiger Express Companies (ATEC). “K” Line said its capital participation in ATEC is aimed at enhancing the “K” Line Group’s freight forwarding business and significantly expanding revenue opportunities together with its own logistics operations.

ATEC, headquartered in New York conducts business in the US, China and elsewhere, with a focus on Asia, providing a variety of services that include air and sea cargo forwarding, customs clearance, storage and cargo insurance. ATEC’s major subsidiaries are Air Tiger Express (US); Air Tiger Express (Asia), which coordinates the Asia business companies; and Shenzhen Airport ATE Int’l Freight, a joint venture with the Shenzhen Airport Authority.