NYK Group announces companies merge

NYK Line has announced that three shipping and ship-management companies within the NYK Group will merge as part of a strategic business integration.

The three within the NYK Group are Asahi Shipping Co., Ltd., Hachiuma Steamship Co., Ltd., and Mitsubishi Ore Transport Co., Ltd.

As NYK Group companies, each of the three entities scheduled for integration has been developing its business by leveraging its specific strengths within its specialised business domain.

“Through this merger, we aim to further enhance our competitiveness in ship management, as well as in ship ownership and operations, by consolidating similar business functions and strengthening common ship-management capabilities,” reported NYK Line in a statement.

Last month, the Port of Hueneme and NYK Line signed a Memorandum of Understanding (MoU) to establish a Green Automotive Shipping Corridor between Japan and Southern California.

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