NYK Tugboat Subsidiaries Merge

March 19, 2019

Japanese shipping and logistics giant Nippon Yusen Kabushiki Kaisha (NYK) announced that two of its subsidiaries that provide harbor tugboat and other related services, will merge on July 1, 2019.

Yokohama, Kanagawa-based Wing Maritime Service Corporation will merge with compatriot Kaiyo Kogyo Corporation to form an unnamed entity, a press release said. NYK holds 100% stake in both the companies.

Yukihiro Tatara is the president of both firms. Wing Maritime Service Corporation has a paid-in capital of JPY 490 million and Kaiyo Kogyo Corporation has JPY 90 million.

The social structure and the business environment surrounding the NYK Group is dramatically changing, and NYK will integrate the management resources of these two companies to increase efficiencies and create value in accordance with the group’s medium-term management plan “Staying Ahead 2022 with Digitalization and Green," the release said.

Logistics News

Ship Design, Maritime Accidents and There’s a Master on the Run

Ship Design, Maritime Accidents and There’s a Master on the Run

Maersk: Effective US Tariffs Average Around 21% Currently

Maersk: Effective US Tariffs Average Around 21% Currently

US Grain Shipments Surge 9% in face of Chinese Tariffs

US Grain Shipments Surge 9% in face of Chinese Tariffs

Great Lakes Limestone Trade Up in June

Great Lakes Limestone Trade Up in June

Subscribe for Maritime Logistics Professional E‑News

Operator reports that parts of the Czech grid are affected by outages
Air India Express was warned by regulators about the delay in fixing an Airbus engine and falsifying records.
Russia strikes Kyiv hours after Trump and Putin's call with the largest drone attack