NYK acquires 80% stake in ENEOS Ocean's non-crude-oil shipping arm

The transaction will be completed on 1 April.

NYK is set to acquire an 80% interest in the new company that will take over ENEOS Ocean's non-crude-oil shipping business.

In a statement, NYK said the new business will be called NYK Energy Ocean Corporation (NEO), which will become its subsidiary.

NEO will be an international shipping company that transports raw materials and energy.

The transaction is expected to be completed on 1 April, marking NEO’s operational launch. Koichi Chikaraishi, who has a wealth of experience in shipping, including as representative director and senior managing corporate officer of NYK, will be appointed as president.

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