On April 1, NYK acquired 80% of the shares of NYK Energy Ocean Corporation (NEO), a new company that commenced operations after taking over all of ENEOS Ocean’s shipping business with the exception of its crude-oil tanker business. The acquisition price of the shares by NYK will be approximately 76 billion yen.
NEO now operates 47 vessels, including 18 LPG carriers, 18 chemical and product tankers, and 11 cargo ships, all taken over from ENEOS Ocean. Together with the 16 LPG carriers currently operated by NYK, the NYK Group will become one of the world’s largest operators of LPG carriers.
The NYK Group is strengthening its LNG/LPG carrier business as a growth business, aiming to fulfill its responsibility for stable energy transportation. The Group aims to achieve further growth in the energy transportation business by creating synergies through the transfer of more than 100 talented employees and a high-quality fleet of 47 vessels from ENEOS Ocean and strengthening cooperation with the ENEOS Group, which is involved in a wide range of energy businesses.