NYK to Make Gazocean a Wholly Owned Subsidiary
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.