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14 July 2020 The on-line newspaper devoted to the world of transports 20:48 GMT+2

December 14, 2012

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Original news
Japanese NYK announces the fusion of NYK-Hinode Global Line and NYK Corporation Bulk

Next March will be put into effect

The shipowning group Japanese Nippon Yusen Kaisha (NYK) has announced the fusion of its two branches NYK-Hinode Line (Hinode) and NYK Global Bulk Corporation (NGB). The first company, founded in 1912 with the name Hinode Kisen Co., has been acquired in 2001 from NYK that has renamed it the successive year with the current denomination. Hinode has 76 dependent, a fleet of 48 ships and is specialized in the transport of forest cargos exceptional, producing iron and steel, system, producing, bulk several sand banks and goods. Global NYK Corporation Bulk is constituted in 1988 by the NYK with the name Toho Shipping Co. and it is renamed with the current denomination in 2002. NGB has 52 dependent and a fleet of 117 ships portarinfuse, mainly in the Handy segment.

The Japanese group has explained that the objective of the fusion, that will be put into effect next March, is to increase the efficiency and the quality of the services and to realize synergies.

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