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2010 November 26   12:04

Nippon Yusen to enter shuttle tanker business

Nippon Yusen KK  , Japan's biggest shipping company, said on Friday it would take a 50-percent stake in Norwegian tanker operator Knutsen Offshore Tankers by buying new shares, in a bid to enter the shuttle tanker business. Nippon Yusen gave no value for the planned purchase.
TS Shipping Invest will hold the remaining stake in Knutsen, the world's second-biggest shuttle tanker operator, Nippon Yusen said in a statement.

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