New Joint Venture for Africa Break Bulk with Licvem Shipping
On 11th May 2016, NYK Bulk & Projects Carriers Ltd. (NBP) together with Licvem Shipping & Trading ApS (Licvem), a leading logistics operator based in Copenhagen, singed for the establishment of a new company for the ownership and operation of a new joint venture company, Licvem NBP ApS (LBP). On the 7th June 2016, NBP has completed purchasing 49% of LBP’s share capital.
NBP and Licvem came to recognise strengths and expertise that each could contribute to mutual business cooperation and have thus decided to jointly develop a business for the carriage of break bulk cargo to/from ports primarily in Europe and Africa market.
Licvem is a privately owned company that was incorporated in Denmark in April 2011. Licvem is primarily active as a charter operator, specialising in the transport of AN, IMO-1, project and UN cargo in Africa and Middle East. Licvem acts as an operator of MPP vessels (between 2,000 and 20,000 DWT) and charters approximately 45-60 vessels per year.
The new joint venture company LBP will commercially operate 3-8 MPP vessels for break bulk, dry bulk, general and project cargo, as well as IMO and RORO cargo, principally but not limited to Europe and Africa route.