Nippon Yusen Enters Shuttle Tanker Biz

Monday, November 29, 2010

According to a Nov. 26 report from Reuters, Nippon Yusen KK (9101.T), Japan's biggest shipping company, said it would take a 50% stake in Norwegian tanker operator Knutsen Offshore Tankers by buying new shares, in a bid to enter the shuttle tanker business.

(Source: Reuters)

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