Masamichi Morooka, current president and CEO of NYK Bulk & Projects Carriers Ltd. (NBP; Tokyo, Japan), has been appointed as the first president of the newly launched Yokohama Kawasaki International Port Corporation. Mr. Morooka will concurrently serve as the head of both companies for a period time.

Yokohama Kawasaki International Port Corporation was founded on January 12, 2016 by the city of Yokohama, and will also be owned by the city of Kawasaki, the Japanese government, and a few private companies. From this spring, the new company will be active in various business fields, such as strategic planning for container terminals and sales for cargoes at the ports of Yokohama and Kawasaki.