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Japanese shipping line Nippon Yusen Kaisha (NYK) is rolling out a new player in the dry bulk sector through a merger of three of its shipping and shipmanagement subsidiaries.
Asahi Shipping, Hachiuma Steamship and Mitsubishi Ore Transport are set to combine into NYK Bulkship Partners.
The new company, based in Tokyo, will control a fleet of more than 90 ships, made up of bulkers, car carriers, woodchip carriers and MPPs, of which 22 will be owned.
“Through this merger, we aim to further enhance our competitiveness in shipmanagement, as well as in shipownership and operations, by consolidating similar business functions and strengthening common shipmanagement capabilities,” NYK said in a release.
The merger is scheduled for January 2026, with more details about the new company and leadership team to be announced following shareholder meetings at the three companies.
The post NYK reveals new dry bulk player via triple merger appeared first on Energy News Beat.
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