 At that time, NAL was facing a cargo volume downturn and an overall profits reduction, that made register lower than expected financial results in 1994-1995.However the NOSAC takeover was fundamental not only to increase the fleet of nearly further 20 Car Carrier vessels, but also to fully step into the Korean market, where the company was previously awarded Kia Motors contract to ship cars from South Korea to United States, from 1996 to 1998.The company's owners, the Wilhelmsen family, are descended from Wilhelm Zachariassen Holst (ca.