Transfer of the ship trading business to 住商マリン
First written in FY2021-Q3. 1 of 2 entries say "Achieved", first in FY2021. Latest entry: FY2021.
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- FY2021AchievedAnnual report
「The absorption-type company split under the agreement became effective on 1 April 2021.」
The company split transferring the ship trading business to 住商マリン became effective on 1 April 2021, completing the transfer. - FY2021-Q3First statedAnnual report
「Through this company split, the company will transfer its ship trading business, one of its strengths, to 住商マリン and consolidate the relevant functions to further enhance corporate value as a group. In the ship trading business, new demand associated with the stable growth of maritime trade is expected to increase, while replacement demand for existing vessels is expected to accelerate following the implementation of environmental regulations to reduce greenhouse gas emissions from ships. To address these business opportunities and maximize services for customers, 住商マリン will establish a specialized organization and strengthen its structure, while the group will seek to further expand earnings.」
The company concluded an absorption-type company split agreement, effective 1 April 2021, to transfer the ship trading business to its wholly owned subsidiary 住商マリン. It aims to expand customer services and earnings by establishing a specialized organization and strengthening its structure.