French company’s shares in the ship management company, Gazocean on October 22. Based in Marseille, France, and responsible for the management of six LNG carriers, Gazocean is now a wholly owned subsidiary of NYK. The move will strengthen NYK’s ship-management system and expand the company’s LNG transportation business in France. Before the purchase, NYK held 20% of Gazocean shares and Total held 80%.
The acquisition has been reviewed by Gazocéan’s employee representatives as part of the regulatory information and consultation procedure. It also has the approval of the competent authorities.