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 August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

RYDLYME Marine Selects GoM Distributor

RYDLYME Marine has named R Carter & Associates, Inc. of Mobile, Ala. a new stocking distributor for the Gulf of Mexico area, targeting shipyards, larger workboats,

MN 100: Elliott Bay Design Group

The Company: Elliott Bay Design Group (EBDG) is a Seattle-based, employee-owned enterprise with offices in New Orleans and Ketchikan that provides full-service naval architecture,

MN 100: Dometic Marine

The Company: Dometic Marine is an engineering leader of innovative products for the global marine industry and offers a large worldwide sales and service network.

Finance

Former CIA Spy Ship Becomes Victim of Oil Slump

A ship built by the CIA for a secret Cold War mission in 1974 to raise a sunken Soviet sub is heading to the scrap yard, a victim of the slide in oil prices.   Christened the Hughes Glomar Explorer,

Greece Wants EU Funding to Tackle Migrant Influx

Greece will ask the European Union for about 700 million euros to build infrastructure to shelter the hundreds of refugees and migrants arriving on its shores daily, the government said on Thursday.

Asia-Europe Box Rates Soar Again

Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 29 percent to $763 per 20-foot container (TEU) this week data from

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Pipelines Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
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: 0.3793 sec (3 req/sec)