• 2012 December 14 11:38

  NYK to merge heavy lift and handy bulk units

  

  Japan's Nippon Yusen Kaisha (NYK) is preparing to merge two key wholly-owned subsidiaries NYK-Hinode Line and NYK Global Bulk Corporation, Seatrade Asia online reports.
  
  “The companies have decided to merge to improve efficiencies and service quality and to make use of the NYK Group's synergy to grow beyond the bounds of their existing business models for the two companies,” NYK announced on Friday.
  
  The date of the impending merger will be determined in March 2013 and integration of businesses is expected from October 2013. NYK-Hinode Line transports a variety of cargo such as plant and heavy equipment while NYK Global Bulk is a specialist in handy bulk carriers.

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