Gazocean becomes a full subsidiary of NYK

October 22, 2020

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Japanese shipping company NYK Line has signed a sales and purchase agreement with French energy company Total to acquire all Total shares (80% before the purchase) in ship management company Gazocean. The deal makes Gazocean a wholly-owned subsidiary of NYK, which strengthens its ship-management system and expands its LNG transportation business in France. Currently Gazocean is responsible for the management of six LNG carriers.

Edited from NYK Line’s press release