NYK seals full takeover of Saga Welco

Japanese shipping major NYK has completed the acquisition of Westfal-Larsen’s stake in Saga Welco, taking full control of the Norwegian open-hatch operator. The transaction closed on July 20 through NYK Holding Europe after securing the required regulatory approvals. NYK and Westfal-Larsen previously held equal stakes in the business, with financial terms of the buyout undisclosed. … Read full article →