NYK merges heavylift, bulk transport units

Asia

Friday, December 14, 2012

NYK on Friday said it will merge its subsidiary companies NYK-Hinode Line Ltd. and NYK Global Bulk Corp. Hinode has been in business for more than a century and transports a variety of cargo, such as plant and heavy equipment, while NGB is one of the world’s largest specialists in handy-size bulk carriers. “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 the existin...

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