NYK pulls out of Tacoma terminal agreement
The Japanese terminal group Nippon Yusen Kaisha (NYK) has cancelled plans to build a dedicated container terminal at the US port of Tacoma, which would have required investment of $300m.
As from July 2012, its vessels will instead call at a terminal managed by APM Terminals, for which it has signed a 25-year agreement with both the port authority and terminal operator. In return, it has pulled out of the concession contract for its own terminal that was to have been managed by Yusen Terminal Tacoma Inc.
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