Giant bulk player born as three NYK Group companies merge

Japanese shipping giant Nippon Yusen Kaisha (NYK Line) is reporting that three shipping and ship-management companies within the NYK Group will merge as part of a strategic business integration.

The company announced on Monday that Asahi Shipping Co., Hachiuma Steamship Co. and Mitsubishi Ore Transport Co. will combine forces and merge with the aim to create a new company under the corporate name NYK Bulkship Partners Co.

NYK Line said the new name is tentative and the president of the company will be determined. The amalgamation date is scheduled for January 2026 and the business bases will be in Tokyo, Kobe.

The Tokyo-head based company will have control over a fleet of 22 owned vessels, whilst the number of managed vessels will be