Japanese shipping giant NYK Group has agreed to buy an 80% share in a newly established company that will assume ownership of Eneos Ocean Corp’s entire non-crude shipping fleet.

The new company, which will be structured as a subsidiary of NYK, will own and operate a fleet of at least 41 ships based on data on the Eneos website showing its non-crude fleet to comprise 11 bulk carriers, 15 chemical and product tankers, and 15 VLGCs.