EC OKs NYK Reefers, LauritzenCool merger
NYK Reefers and LauritzenCool have received clearance from the European Commission to merge their reefer activities.
The new company will be called NYKLauritzenCool AB, owned on an equal basis by NYK Reefers and J. Lauritzen, LauritzenCool’s parent company.
NYKLauritzenCool will operate more than 70 specialized reefer vessels. The headquarters for the new company will LauritzenCool’s former head office in Stockholm, Sweden. NYK Reefer’s office in London will become a branch office.
At the start of the year, J. Lauritzen and NYK Reefers started negotiations for the forming of a joint company, following a strategic cooperation and vessel sharing agreement launched in January 2004.