NYK Bulk & Projects Carriers Ltd.
Begins Operations

October 1, 2013
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

NYK Line, press release