NYK LINE SHIFTS PACIFIC OPERATIONS TO US, SHUFFLES EXECS

NYK LINE SHIFTS PACIFIC OPERATIONS TO US, SHUFFLES EXECS

NYK Line, hoping to gain a competitive advantage in the U.S. container shipping market, said it will shift overall profit and loss responsibility for its trans-Pacific operations to the United States from Tokyo.

NYK on Monday simultaneously announced several executive changes, including the appointment of Dodd Fiori, formerly senior vice president, as executive vice president and chief operating officer for NYK Line (North America) Inc.''The changes in executive responsibilities are designed to help establish even closer relationships with our customers then we enjoy at present,'' Keitaro Kanamori, who himself was named chairman and chief executive NYK Line (North America), said in a statement. Formerly he was president.

Several non-U.S. based container lines in recent years have shifted overall responsibility for U.S. markets to their U.S. headquarters with the aim of becoming more responsive to shippers. Mitsui O.S.K. Line did so last year, and Orient Overseas Container Line made that move in 1994, an OOCL spokesman said. A number of lines, including Hyundai Merchant Marine and Evergreen Marine Corp., still maintain profit and loss authority for the U.S. market in their home offices.

Other executive changes announced by NYK:

* Tetsufumi Otsuki was named president of NYK-NA and Orient Consolidation Service, an NYK unit. He joined NYK-NA last August as executive vice president.

* Peter V. Smith, formerly president of the consolidation service, was named westbound Pacific trade lane director. Alex Okamoto was named executive vice president of OCS.

* Two senior executives, Masamichi Morooka and Yutaka Yasunaga, will relocate to NYK-NA headquarters in Secaucus, N.J., from Tokyo.

Mr. Morooka will become general manager for strategic marketing, and Mr. Yasunaga will become general manager for trade management and business processes.