JAPANESE
shipping giant Kawasaki Kisen Kaisha ("K" Line) will merge its ship
management subsidiaries Taiyo Nippon Kaisha and Escobal
Japan in July, the company announced.
According
to "K" Line, the two companies will be merged to reorganise and
consolidate the group's management system to become more
"environmentally-friendly", reported American Shipper.
Next
year they will be called "K" Line RORO and Bulk Ship Management
Co Ltd, but remain Taiyo Nippon Kisen Co Ltd until
then.
The
company said it will hold three specialised ship management companies after the
merger: "K" Line Ship Management (box ships, tankers and gas
carriers), "K" Line LNG Shipping and Taiyo Nippon Kisen Co Ltd (car
carriers/ dry bulk).
Source
: HKSG.
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