JAPAN’s NYK Group is bringing together three subsidiary companies in the shipping and shipmanagement sphere under the name NYK Bulkships Partners.
The amalgamation will take effect from January 2026 and the Tokyo-headquartered company will own 22 vessels and manage another 91, drawn from the constituent entities.
All have long histories, with Hachiuma Steamship formed in 1925, Asahi Shipping established in 1946 and Mitsubishi Ore Transport launched in 1959. NYK lists all three as engaged in shipping, ship leasing, ship management and more.
“As NYK Group companies, each of the three entities scheduled for integration has been developing its business by leveraging its unique strengths within its specialized business domain,” the Group said.
“Through this merger, we aim to further enhance our competitiveness in ship management, as well as in ship ownership and operations, by consolidating similar business functions and strengthening common ship-management capabilities.” According to the respective website, Hachiuma’s fleet includes 32 handysize and panamax bulkers, 8 iron ore carriers, 11 PCTCs, 15 general cargo ships, 3 container/ro-ros, 3 woodchip carriers and 2 module carriers. Asahi controls 11 panamax and capesize bulkers, and MOT has capesize bulkers, PCTCs, woodchip carriers, self-unloading coal carriers and others, with a focus on kamsarmax / panamax bulk carriers. All companies’ vessels are regulars in Australian trades.
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