Samudera strengthens Asia presence with new Japan shipping venture

The JV has a capital of $1.8m.

Samudera Shipping Line Ltd has incorporated a 51%-owned joint venture in Japan with stated capital of $1.8m (JPY220m), incorporated on 5 February 2026, according to a press release.

The new entity, Blue Ocean Shipping Co., Ltd., was incorporated in Singapore through Samudera Japan K.K., the group’s wholly owned subsidiary, which holds 51% of the 8,800 issued shares out of an authorised 40,000 shares.

The principal activities are domestic shipping and ship leasing, alongside ship agency and maritime transportation agency services, amongst other related businesses including support services for specified skilled foreign workers.

The incorporation is not expected to have any material impact on earnings per share or net tangible assets for the financial year ending 31 December 2026.

Samudera said none of its directors, substantial shareholders or controlling shareholders has any direct or indirect interest in the incorporation other than through their shareholdings in the company.

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