NYK To Invest in Pertamina Shipping Subsidiary

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Nippon Yūsen Kabushiki Kaisha (NYK) Line has entered into a basic agreement for an investment in PT Pertamina International Shipping (PIS) in Indonesia.

PIS is the subsidiary of the Indonesian state-owned oil and gas entity PT Pertamina (Persero).

Details on the investment amount has not been disclosed.

Long-term strategic partnership

Through this investment, NYK plans to conclude a long-term strategic partnership agreement with PIS and will collaborate with PIS in a wide range of businesses, including those associated with crude oil, petroleum products, LNG transportation, floating storage and regasification units (FSRUs).

And also, NYK and PIS intend to collaborate on carbon capture and storage (CCS), for which demand is expected to grow in the future to realize a carbon-neutral society.

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Source: NYK Line

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