Shipping & Freight #nyk#saga welco
NYK Completes Full Acquisition of Saga Welco from Westfal-Larsen Strengthening Dry Bulk
Japanese shipping major NYK has completed the full acquisition of Norwegian open-hatch operator Saga Welco by buying out Westfal-Larsen's 50% stake. The deal closed on July 20, 2026, with financial terms undisclosed. Saga Welco operates 48 vessels and 120 employees, specializing in semi-liner services for pulp, forest products, and project cargoes.
Jul 21, 2026 1 source