Samudera Shipping Line Ltd has announced the incorporation of a new joint venture subsidiary, Blue Ocean Shipping Co., Ltd., in Japan. This venture is a collaboration between Samudera’s wholly-owned subsidiary, Samudera Japan K.K., and Imoto Corporation. Samudera Japan holds a 51% stake in the new company.
Blue Ocean Shipping will engage in a range of maritime activities, including domestic shipping, ship leasing, and ship agency services. Additionally, it will operate as a maritime transportation agency and provide support for specified skilled foreign workers as a registered support organisation.
The joint venture is capitalised at JPY 220m with 8,800 shares issued out of a total of 40,000 authorised shares. Samudera Shipping Line has also stated that the incorporation of Blue Ocean Shipping is not expected to significantly impact the company’s earnings per share or net tangible assets for the financial year ending 31 December 2026.
