Samudera Shipping Line (SGX:S56) established a joint venture company in Japan named BLUE OCEAN SHIPPING on Feb. 5, according to a Monday filing with the Singapore Exchange.
The JV company was established following an agreement between the company's subsidiary, Samudera Japan K.K and Imoto Corp, with the latter owning 51% of the JV.
The new company will be involved in domestic shipping, ship leasing, ship agency, maritime transportation and other related activities.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.