Japan Buys Controlling Stake in Yokohama, Kawasaki Ports

The government of Japan has bought a 50 percent share in the company which operates the ports of Yokohama and Kawasaki for a price of JPY 500 million (USD 4.4 million), Japan’s Ministry of Land, Infrastructure and Transport informs.

The government is now a majority holder in the company, reportedly named Yokohama-Kawasaki International Port, while other stake holders include the governments of Yokohama and Kawasaki, as well as one of Japan’s biggest banks Sumitomo Mitsui Banking.

The transport ministry said that the Yokohama government holds some 45 percent of the company shares, while the government of Kawasaki and Sumitomo Mitsui Banking hold 4.5 percent and 0.5 percent, respectively.

The acquisition supports the country’s plans to strengthen international competitiveness of Japan’s container ports through increased government funds.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>


<< Sep 2019 >>
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Defence Safety Conference 2019

The Defence Safety Conference returns to London this October as the only event solely dedicated to enhancing safety across all aspects of defence.

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

3rd MarSat Workshop

The MARSAT project wants to operationalise and standardise EO products and aims to develop…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >