Ammonia-powered tug Sakigake joins NYK Line’s fleet
NewsSakigake embarks on a new chapter with its transformation into the “world’s first ammonia-powered tugboat”.
NYK Line and Nippon Container Terminals Co, another NYK Group subsidiary, are buying a 12.5% stake in Yang Ming’s Kao Ming Container Terminal (KMCT) in Kaohsiung.
Yang Ming has been looking for strategic partners interested in investing in KMCT for some time. In July last year, it sold a 10% stake in the terminal to Ports America and at the end of 2012, sold a further 30% interest to Cheer Dragon Investment Ltd, a Hong Kongbased joint venture formed by three Chinese companies – Cosco Pacific, China Shipping Terminal Development Co and China Merchants Holdings (International) Co.
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This complete item is approximately 200 words in length, and appeared in the November 2013 issue of WorldCargo News, on page 4. To access this issue download the PDF here.
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