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NYK to Merge Three Research and Technical Subsidiaries

  • Business & Finance

Japanese shipping company NYK Line has launched preparations to integrate three of its research and technical subsidiaries.

The company’s plans would see Japan Marine Science, Yusen Navtec, and NYK Engineering amalgamate on the back of a changing social structure and the business environment surrounding the NYK Group.

NYK said it would integrate the management resources of each company to increase efficiencies and create value in accordance with the group’s medium-term management plan ‘Staying Ahead 2022 with Digitalization and Green’.

The three research and technical subsidiaries will be amalgamated after approval is received at each company’s general meeting of shareholders in May 2019. The new company is scheduled to be formed on July 1, 2019.

The three companies deal with various maritime segments, including maritime consultancy, ship technology, vessel survey and inspection, ships and marine structures, construction and modification, as well as research, development, planning and design of ships and marine structures.

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