Nippon Yusen Kabushiki Kaisha (TSE:9101) agreed to acquire additional 59.72% stake in Mitsubishi Ore Transport Co., Ltd. from Mitsubishi Corporation (TSE:8058), Mitsubishi Heavy Industries, Ltd. (TSE:7011) and Tokio Marine & Nichido Fire Insurance Co., Ltd. on March 28, 2023. Post the acquisition, Mitsubishi Ore Transport Co., Ltd will become wholly owned subsidiary of Nippon Yusen Kabushiki Kaisha.