Toho Kaiun Co. ltd. is established as a 100% subsidiary of NYK with 100 million yen in capital. The company begins operating out of its main office in Shintomi, Chuo-ku in Tokyo, begins transporting North American timber with 18 handy bulk carriers sold by the company formerly known as Sin-Tokai Un Co. ltd.
Financial backing is received from the Industrial Bank of Japan, Limited (currently Mizuho Corporate Bank), etc., (150 million yen in new capital).
Company headquarters is relocated to the Irifune, Chuo-ku, Tokyo.
The company becomes a complete subsidiary of NYK.
The company announces an integration of handy bulk carriers division, whereby the handy bulk carriers division of NYK is to be taken over.
Main office is relocated to the Yusen Building in Marunouchi, Chiyoda-ku, Tokyo.
Handy bulk carriers division of NYK is integrated and the company name is changed to NYK Global Bulk Corporation (new capital of 4.15 billion yen).
Company name is changed to NYK Global Bulk Corporation.
Environmental Management System Standard ISO14001 certification obtained.