NYK acquired a 25% stake in PT. Patimban International Car Terminal (PICT), a car terminal operator based at the Indonesian port of Patimban.
NYK said the shares were acquired from Toyota Tsusho Corporation, and registration was completed on 18 August.
The port of Patimban is 120 kilometers east of the Jakarta city center and has been under construction in stages since 2018, while the terminal was capable of handling 220,000 vehicles per year in 2022, and expansion is underway to increase capacity to 600,000 vehicles per year.
