NYK buys out Total’s share in LNG shipmanagment venture

Nippon Yusen Kaisha (NYK) has bought out the French LNG shipmanagement joint venture it has with energy major Total.

Based in Marseille, and responsible for the management of six LNG carriers, Gazocean is now a wholly owned subsidiary of NYK.

Before the purchase, NYK held 20% of Gazocean shares and Total held 80%. No price has been revealed for the transaction.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.


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