On December 13, two key wholly owned subsidiary companies of NYK — NYK-Hinode Line Ltd. and NYK Global Bulk Corporation – agreed to begin preparations to merge.
Hinode has been in business for over a century and transports a variety of cargo, such as plant and heavy equipment, by taking advantage of the company’s advanced maritime know-how and a diversified fleet of top-notch vessels. NGB is one of the world’s largest specialists in Handy 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 existing business models for the two companies.
The date of the impending merger will be determined in March 2013, and the integration of businesses is expected to occur from October 2013.
Hinode and NGB Company Profiles
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NYK, December 16, 2012