NYK Merges Two Tugboat Subsidiaries

Wing Maritime Service Corporation and Kaiyo Kogyo Corporation, both of which are NYK subsidiaries that provide harbour tugboat and other related services, will merge on July 1, 2019.

Representation Image – Credits: nyk.com

Purpose of Integration

The social structure and the business environment surrounding the NYK Group is dramatically changing, and NYK will integrate the management resources of these two companies to increase efficiencies and create value in accordance with the group’s medium-term management plan “Staying Ahead 2022 with Digitalization and Green.”

Overview of New Company

  • Trade name: Undecided
  • Location: 13F Yokohama Landmark Tower, 2-1 Minatomirai 2-chome, Nishi-ku, Yokohama, Kanagawa Prefecture, Japan
  • President: Yukihiro Tatara
  • Shareholder: NYK 100%

Merging Subsidiaries

  • Wing Maritime Service Corporation
    • Paid-in capital: JPY 490 million
    • Shareholders: NYK 100%
    • Established: 1959
    • President: Shunichi Kusunose
    • Location: Yokohama, Kanagawa
  • Kaiyo Kogyo Corporation
    • Paid-in capital: JPY 90 million
    • Shareholders: NYK 100%
    • Established: 1963
    • President: Yukihiro Tatara
    • Location: Yokohama, Kanagawa

Reference: nyk.com

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