The parties will work together in a wide range of businesses including LNG and CCS.

By Shardul Sharma

Japanese shipping company NYK has concluded an investment and a strategic alliance agreement with Pertamina International Shipping (PIS), a unit of Indonesian state-owned energy company Pertamina, it said on December 2. The parties had reached an agreement in principle on the investment in October.

NYK will work PIS in a wide range of businesses, including those associated with crude oil, petroleum products, LNG transportation, floating storage and regasification units, and carbon capture and storage.

In February 2021, NYK released the ‘NYK Group ESG Story’, which aims to further integrate ESG into the company’s management strategy. In March this year, NYK released the updated ‘NYK Group ESG Story 2022’.

“To strongly promote ESG management, the NYK Group will promote the creation of new value as a sustainable solution provider,” NYK said.