Three shipping and ship-management companies belonging to the NYK Group are set to merge as part of a strategic initiative to integrate their businesses, reports NYK.
New Company
Three shipping and ship-management companies within the NYK Group – Asahi Shipping Co., Ltd., Hachiuma Steamship Co., Ltd., and Mitsubishi Ore Transport Co., Ltd. – will merge in January 2026 to form a new entity tentatively named NYK Bulkship Partners Co., Ltd. The president of the new company has not yet been announced.
The new company will be headquartered in Tokyo and will maintain business operations in both Tokyo and Kobe. It will operate a fleet of 22 owned vessels and manage a total of 91 vessels, including those owned by the company and its subsidiaries.
The three merging entities each have a significant history in the maritime transport industry:
- Asahi Shipping Co., Ltd., established in 1946 and based in Tokyo, engages in shipping, ship leasing, and ship management.
- Hachiuma Steamship Co., Ltd., founded in 1925 and located in Kobe, has been active in shipping, ship leasing, and ship management for nearly a century.
- Mitsubishi Ore Transport Co., Ltd., established in 1959 and headquartered in Tokyo, specializes in the transportation of ore and other bulk materials, with business activities including shipping, ship leasing, and ship management.
This merger aims to enhance the NYK Group’s competitiveness in ship management, as well as in ship ownership and operations, by consolidating similar business functions and strengthening common ship-management capabilities. The amalgamation is subject to approval at the respective general shareholder meetings of the three companies.
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Source: NYK
