NYK Group Merges Shipping Companies to Form NYK Bulkship Partners
On October 28, 2025, three prominent shipping companies within the NYK Group—Asahi Shipping Co., Ltd., Hachiuma Steamship Co., Ltd., and Mitsubishi Ore Transport Co., Ltd.—announced a merger agreement. This strategic move aims to consolidate their operations under a new entity, NYK Bulkship Partners Co., Ltd., which is set to launch in April 2026. The merger is expected to enhance service delivery and operational efficiency in the shipping industry.
Details of the New Company
NYK Bulkship Partners Co., Ltd., abbreviated as NBSP, will be headquartered at the Shinagawa Intercity Building C in Minato-ku, Tokyo. The new company will commence its operations on April 1, 2026, with a capital investment of 500 million yen. Koichi Uragami, currently the President and Representative Director of Mitsubishi Ore Transport Co., Ltd., will lead as the President of the newly formed entity.
The executive team will also include Hiroaki Ohashi as an Executive Vice-President, along with Koji Shinozaki and Hiroshi Kawaguchi, who serve as Presidents of Hachiuma Steamship Co., Ltd. and Asahi Shipping Co., Ltd., respectively. This leadership structure is designed to leverage the strengths and expertise of the founding companies, ensuring a robust management approach for the new organization.
NYK Bulkship Partners will manage a fleet of 90 vessels, which includes both owned and subsidiary-managed ships. The merger is anticipated to create a more cohesive and efficient operation, ultimately benefiting customers by providing superior shipping services through the combined strengths of the partner companies. Nippon Yusen Kabushiki Kaisha will hold a 100% stake in the new organization.
Commitment to Excellence in Shipping
As part of its mission, NYK Bulkship Partners Co., Ltd. is dedicated to becoming an essential partner for its customers. The company aims to integrate the unique capabilities of its founding companies, thereby enhancing service offerings in the competitive shipping landscape. With a total of 21 owned vessels and a comprehensive fleet management operation, NYK Bulkship Partners is poised to make a significant impact in the maritime industry.
This merger reflects an ongoing trend in the shipping sector, where consolidation can lead to improved efficiency and better resource allocation. For further details or inquiries, interested parties can reach out to the Media Relations Team of Nippon Yusen Kabushiki Kaisha via email at nykjp.ml.media@nykgroup.com.
