Deal typeTransaction Services
IndustryTransport & Logistics
Client nameNippon Yusen Kabushiki Kaisha ("NYK Line")
NYK Line has announced the formation of a strategic joint venture with Stolt-Nielsen Limited in Avenir LNG. Founded in 2017, Avenir LNG is a leading player in the LNG bunkering market.
LNG continues to gain traction as an alternative marine fuel, as the shipping industry continues to order dual fueled vessels.
BDO provided financial and taxation due diligence services, alongside SPA advisory on the investment.
The project team included:
Transaction Services: David Bevan, Ryan Biscomb
Tax: Cory Blackmore, James Bailey
LNG continues to gain traction as an alternative marine fuel, as the shipping industry continues to order dual fueled vessels.
BDO provided financial and taxation due diligence services, alongside SPA advisory on the investment.
It was our pleasure to provide financial and taxation due diligence services to NYK Line on their investment into Avenir LNG. The investment showcases NYK Line's commitment to supporting sustainable energy solutions across global shipping supply chains by facilitating safe and reliable access to LNG fuel. BDO's long association with the shipping and maritime industries ensures we can apply our unparalleled depth of knowledge to this exciting international partnership. We wish the Avenir LNG team continued success.
Ryan Biscomb, Director, Head of Maritime Advisory
The project team included:
Transaction Services: David Bevan, Ryan Biscomb
Tax: Cory Blackmore, James Bailey