The Japanese group ENEOS Holding, which operates mainly in the energy, oil and other raw materials sectors, signed a binding agreement with the shipping group Nippon Yusen Kaisha (NYK) in Tokyo under which ENEOS will transfer its maritime transport activities, with the exception of vessels for the transport of crude oil, to the new company wholly owned subsidiary ENEOS Ocean which will have a fleet of 49 ships including 18 LPG ships, 19 chemical tankers and produc tankers and 12 bulk car, a sale that will include 16 companies including a shipmanagement company based in Singapore, and therefore will sell 80% of the capital of this newco to NYK. The parts provide that the agreement, which will have to obtain the approval of the of the Japan Fair Trade Commission and other authorizations, will be completed on April 1, 2025.

ENEOS has justified the decision to sell this business branch with the challenges that this sector is facing, such as the Increasing need for investment driven by the increase in investment of the cost of ships, compliance with environmental regulations such as those on CO2 emissions and the digital transformation needed to improve both security and and operational efficiency.