NYK Bulk & Projects Carriers Ltd. Begins Operations


Nippon Yusen Kaisha

NYK Bulk & Projects Carriers Ltd.

Operations began today at NYK Bulk & Projects Carriers Ltd., the product of the merger of two key wholly owned NYK subsidiary companies — i.e., NYK-Hinode Line Ltd. (Hinode) and NYK Global Bulk Corporation (NGB).

Through this merger between NGB, which was one of the world’s largest specialists in Handy bulk carriers, and Hinode, which made use of its advanced maritime know-how in the transport of a variety of bulk cargo, such as plant and heavy equipment, NYK Bulk & Projects Carriers Ltd. will strive to improve efficiencies and service quality and employ the NYK Group’s synergy to grow beyond the bounds of the existing business models.

Outline of NYK Bulk & Projects Carriers Ltd.:

Company name: NYK Bulk & Projects Carriers Ltd.

Date of inauguration: October 1, 2013

Location of head office: 3-2, Marunouchi 2-chome, Chiyoda-ku, Tokyo

Paid-In Capital: 2,100 million yen

Shareholders: Nippon Yusen Kaisha, Ltd. (100%)

Representative President: Masamichi Morooka

Executive Vice-President: Takashi Abe

Number of Employees: 200


Announcement on December 14, 2012, “NYK-Hinode Line and NYK Global Bulk to Merge”


Announcement on March 28, 2013, “NYK to Establish NYK Bulk & Projects Carriers Ltd. on 1st October 2013”