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J. Lauritzen and NYK Reefers are forming a new ship-operating and marketing company. The joint venture, in which each company will hold 50 percent, will operate a fleet of 70 to 80 refrigerated vessels.
The companies first began working together in January 2004, after NYK ended its business arrangement with Star Reefers. NYK Reefers later acquired a half-share of LauritzenCool Logistics.
The operating partnership "was the only logical step," said Torben Janholt, president and chief executive of J. Lauritzen.
The existing cooperation "has worked very well and had a stabilizing influence during a time of scarce tonnage," he continued, with the …