Japanese shipowner ready for major offshore acquisitions
The price drop in the commodity market has made it cheaper to buy assets, and Japan's largest shipping group is looking to take advantage of this development, writes Bloomberg. Nippon Yusen KK (NYK) is currently investigating the purchase of a company which works with pipelines in the oil and gas sector. And this is just one option out of many. According to the head of NYK's energy division, Hitoshi Nagasawa,the group has "several billion yen," corresponding to hundreds of millions of dollars, earmarked for acquisitions, reports the news agency.
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