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Dry Bulk Consolidation NYK

NYK to take full control of open hatch cargoship operator Saga Welco

  • NYK will acquire Westfal-Larsen Group’s 50% stake in Saga Welco to give the Japanese shipping group full ownership of the company
  • Saga Welco was formed in 2014 as a joint venture between NYK and Westfal-Larsen to pool their specialised dry cargo vessels

  • News

Deal follows the acquisition of a majority stake in Saga Welco’s competitor Gearbulk by compatriot firm MOL in early 2025

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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