Shin-Nippon Kaiyosha Begins Operations

Wing Maritime Service Corporation and Kaiyo Kogyo Corporation, both of which are NYK subsidiaries that provide harbor tugboat and other related services, merged today.

- Outline of New Company

Trade name: Shin-Nippon Kaiyosha Corporation
Location: 13F Yokohama Landmark Tower, 2-1 Minatomirai 2-chome, Nishi-ku, Yokohama, Kanagawa prefecture, Japan
President: Yukihiro Tatara
Shareholder: NYK 100%
Paid-In Capital: 490 million yen
Number of Employees: 283
Date of Merger: July 1, 2019

On the company’s first day of operation, president Yukihiro Tatara commented as follows: “Wing Maritime Service Corporation has mainly provided tugboat services and escort services in the Yokohama, Kawasaki, and Chiba areas. And Kaiyo Kogyo Corporation has provided tugboat services for steel companies, electric power companies, and shipyards in Tokyo Bay, as well as tugboat services outside the bay, escort boat services, and support services for marine resources development projects. To be able to properly respond to customers’ various needs more quickly, we will integrate the management resources of the two companies and use the talented employee base to make efforts for enhancements."

To increase efficiencies and create value in accordance with its medium-term management plan “Staying Ahead 2022 with Digitalization and Green,” the NYK Group will continue to strive to fully employ its synergy for sustainable growth.

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- Reference

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