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Goldman Sachs Japan close to sealing Hiroshima shipping line takeover

Tokyo: Goldman Sachs Japan, the Japanese arm of the US investment banking giant, is in talks to take over Hiroshima-based shipowner Yamamoto Kaiun, according to the Kaiji Press. The line, run by the Yamamato family, has a history stretching back to the nineteenth century and has bulkers, tankers and containerships on its fleet which is thought to number up to 15 ships.
Goldman Sachs is building up its shipping portfolio having recently gone into a capesize owning joint venture with a Greek owner. [11/9/08]

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