Japan, July 25 -- NYK Group has received an Approval in Principle ("AiP") as part of a Space Strategy Fund project from the Japan Aerospace Exploration Agency (JAXA) to advance offshore recovery of reusable rocket stages, according to the company's release.The project involves research and development in collaboration with Mitsubishi Heavy Industries, Ltd., with NYK tasked to develop fundamental technology for an offshore recovery vessel capable of safely capturing, recovering and transporting reusable rockets at sea, as well as conducting verification tests.According to NYK, the kickoff meeting with JAXA was held on April 17 and joint research commenced immediately thereafter.The agreement marks the first time a shipping company has been s...