Independent journal on economy and transport policy
11:31 GMT+1
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NYK acquires 10% of Brazilian Master Navegação and Logística
Offshore Knutsen NYK Tankers signs an agreement of chartering with Eni relative to two shuttle tankers
October 27, 2011
The shipowning group Japanese Nippon Yusen Kaisha (NYK) has entered in the field of the marine transport of cabotage in Brazil having acquired 10% of the share capital of Maestra Navegação e Logística S.A., company of navigation constituted last year from Brazilian group TPI (Triunfo Participações and Investimentos) that it stops 65% of the capital of the company. The acquired participation from NYK is extended to two branches of Master.
Currently Master has a fleet constituted from two ships of property, Master Atlântico and Master Mediterrâneo, both of Brazilian flag and the ability to 1.572 teu. With before the two ships last April company he has begun the activity. Moreover 23rd May Master has bought for 12,35 million dollars from the German Westerdeich Shipping portacontainer the Westerdeich, of the ability to 1.572 teu, that Master Pacífico will be renamed, while at the beginning of this month TPI and Master they have bought for 11,4 million dollars from the Westerhever Shipping the portacontainer from 1.572 teu Westerhever.
With the four ships Master the new service of cabotage with frequency will operate weekly magazine whose spin will touch the ports of Navegantes, Santos, Rio de Janeiro, Salvador, Suape, Manaus, Suape, Navegantes.
While Offshore Tankers AS (KNOT), joint venture Knutsen NYK 50:50 between the NYK and the Norwegian Knutsen OAS Shipping, has signed an agreement of chartering with the Eni Italian for the employment of two shuttle tankers for the minimal period ten-year-old with beginning from the summer of 2013. The two new Suezmax ships, of 123.000 gross capacities in tons, are under construction near the South Korean Hyundai Heavy Industries (HHI) and will be used by Eni for the transport of crude oil from the Sea of the North.
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The shipowning group Japanese Nippon Yusen Kaisha (NYK) has entered in the field of the marine transport of cabotage in Brazil having acquired 10% of the share capital of Maestra Navegação e Logística S.A., company of navigation constituted last year from Brazilian group TPI (Triunfo Participações and Investimentos) that it stops 65% of the capital of the company. The acquired participation from NYK is extended to two branches of Master.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
