Image:  UniCarriers Corporation

UniCarriers Corporation becomes Mitsubishi Logisnext

By Aiswarya Lakshmi!!!

Mitsubishi Nichiyu Forklift announced that it will conduct the operational integration with its consolidated subsidiary UniCarriers Corporation and change its company name to "Mitsubishi Logisnext.

Mitsubishi Nichiyu already announced its intention to perform the operational integration, on May 12, 2017, and, as of today, would like to announce that it will conclude the agreement between Mitsubishi Nichiyu and UniCarriers (Absorption-type Company Split Agreement) for which October 1, 2017 (planned) is set as the effective date, and will change its company name.
A press release said that UniCarriers will become a domestic distribution subsidiary of the Company after the absorption-type company split, with a name changed to "Logisnext UniCarriers Co., Ltd."
Furthermore, the names of 10 domestic distribution subsidiaries of Mitsubishi Nichiyu will be changed onthis occasion.
"LOGISNEXT" (a coined word) signifies "Logistical Equipment & System Solutions Next", implying our desire to be a corporation group that can contribute to the development of a future global society beyond the traditional framework.
Mitsubishi Nichiyu and UniCarriers have been developing "Nichiyu" "Mitsubishi" "CAT® Lift Trucks" "Rocla" and "UniCarriers" "TCM" "ATLET" respectively, as our major brands globally.
The new companywill maintain these multiple brands and make efforts to improve the value of each brand. This integration of business makes it possible to create and achieve integration synergy early by further accelerating the Post-merger integration (PMI) activities. Moreover, the new company will have a framework in place where a high-level of logistic solutions will be available to meet customer's needs worldwide.
Under this framework, Mitsubishi Nichiyu is committed to strengthen the platform of the integrated business further while working on the new mid-term business plan "Perfect Integration 2020" with concerted efforts across the Group, aiming to be "one of the world's leading logistic equipment manufacturers."
Photo: The Great Eastern Shipping Co. Ltd.

G E Shipping Sells Supramax

India’s largest private sector shipping company  Great Eastern Shipping Company Limited (G E Shipping) has contracted to sell its 2003 built Supramax Dry Bulk Carrier Jag Rahul

Photo: CMA CGM

Global Ship Lease Extends TC with CMA CGM

Global Ship Lease, a containership charter owner, announced that it has agreed to an extension of its charter with CMA CGM for the GSL Tianjin, a 2005-built, 8

Photo: Diana Shipping Inc.

Diana Shipping Enters into TC Contract with Uniper

Diana Shipping has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf

Photo: Studio Fasching, Chittagong, Bangladesh, 2017 -  NGO Shipbreaking Platform

Norway SWF Dumps 3 Shipping Firms

The Norwegian Central Bank  has decided to exclude ship owners Evergreen Marine Corporation, Precious Shipping, Korea Line Corporation and Thorensen Thai Agencies from the

David Kalata (Photo: JAXPORT)

JAXPORT Hires Kalata as Container Accounts Director

JAXPORT has hired logistics and transportation professional David Kalata as Director, National Container Accounts. Kalata joins JAXPORT’s sales and marketing team and is

Photo: Sevan Marine ASA

Shell Announces Plan for Penguins Filed Redevelopment

Shell announced the final investment decision for the Penguins field redevelopment project in the U.K. sector, which includes the construction of a new-build Sevan Marine