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Samudera Shipping unit, Imoto Corporation enter JV to set up shipping company in Japan

Samudera Shipping unit, Imoto Corporation enter JV to set up shipping company in Japan

By Swedan Margen

Fashion

Blue Ocean Shipping will be headquartered in Kobe and is expected to begin operations in the first half of 2026

A subsidiary of container shipping group Samudera Shipping – Samudera Japan – and Imoto Corporation have signed a joint venture agreement to establish a new company specialising in shipping activities in Japan.

The company is named Blue Ocean Shipping, and will be headquartered in Kobe, Japan. It is expected to begin operations in the first half of 2026.

Both Samudera Japan and Imoto Corporation will hold 51 per cent, and 49 per cent interest in Blue Ocean Shipping, respectively.

The new shipping company will begin with the acquisition of two container vessels from Imoto Lines Group as its initial fleet.

A company filing on Tuesday (Dec 16) said that the joint venture, over time, aims to grow its fleet “prudently” to capture “suitable opportunities” in Japan’s coastal and regional shipping services.

Shares of Samudera Shipping closed 1 per cent or S$0.01 down at S$0.96 on Tuesday.

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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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