Nippon Yusen Kaisha (NYK) has unveiled the name of a new shipping subsidiary based out of Yokohama.
Last July NYK sealed a deal to take over the majority of Eneos Ocean Corporation’s fleet, a brand that was formerly known as JX Ocean.
The Japanese shipping line bought an 80% stake in a new company that will control nearly 50 ships, excluding Eneos Ocean’s crude tanker business. The deal will see the newly established subsidiary – now called NYK Energy Ocean – operate 18 LPG carriers, 19 chemical and product tankers, and 12 bulkers.
Koichi Chikaraishi, who has a wealth of experience in shipping, including as representative director and senior managing corporate officer of NYK, is to be appointed as president of NYK Energy Ocean.
Energy News Beat