ClassNK Invests in Japan Marine Science

Monday, June 27, 2011

ClassNK announced that it had reached an agreement to establish a capital tie-up with Japan Marine Science Inc. at a meeting in Tokyo today. The tie-up agreement will see ClassNK take a roughly 20% stake in the Tokyo-based company, which will issue new shares in exchange for a capital investment from the classification society. ClassNK Managing Director Koichi Fujiwara will also take a position on Japan Marine Science’s Board of Directors.

According to ClassNK Managing Director Koichi Fujiwara, the tie-up presents an important step forward for both companies. “With this partnership, we will be able to take advantage of the expertise and specialized knowledge that both our organizations have developed over the years, and apply it to developing new solutions to the challenges faced by the maritime industry, including for example developing comprehensive IT systems to support vessel operations, and other advanced technology development.”

This investment in Japan Marine Science Inc. marks the first time in its history that ClassNK has invested money directly into an outside organization, and closely follows a change in ClassNK’s legal status this April, which has given the Society a greater range of freedom in its operations.

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

ClassNK Releases EEDI Verification Software – Free

Japanese classification society ClassNK says it offers its Minimum Propulsion Power Calculation Software and ISO-based Progressive Speed Trial Analysis Software

China Shipyard Delivers Handymax Size Bulk Carrier

COSCO Corporation (Singapore) inform that its Dalian Shipyard in China has delivered a bulk carrier of 57000 dwt, named "GUOTOU 108", to its Asian buyer. The Handymax bulker measures 189.

Litigation Can Cost Shipbrokers an Arm & a Leg

A survey of London solicitors by specialist intermediaries insurer ITIC has highlighted the high cost of litigation for shipbrokers and others seeking judgment in the English courts,

Finance

Litigation Can Cost Shipbrokers an Arm & a Leg

A survey of London solicitors by specialist intermediaries insurer ITIC has highlighted the high cost of litigation for shipbrokers and others seeking judgment in the English courts,

Scorpio Tankers' Latest Sale & Purchase Deals

Scorpio Tankers says it recorded a gain of US$51-million from the sale of the 7 VLCC newbuilding contracts announced earlier. In March 2014, the Company received

Topaz secures another West Africa contract

Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, today announced a new contract win for

 
 
Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1702 sec (6 req/sec)