Goldman Sachs Japan bags Hiroshima owner

Tokyo: Goldman Sachs Japan signed an agreement last week to take over Yamamoto Kaiun Co, a Japanese shipowner based in Kure, Hiroshima Prefecture.
'This is the first takeover by a foreign company of a provincial Japanese owner who has owned ships for generations as a family business. It has marked the birth of Japan's first foreign-owned shipowner,' the Kaiji Press reported. The US investment bank has secured a firm with a fleet of 15 ships, many of which are chartered to MOL.  [22/9/08]