JSE Ocean, Ltd. announced that it expects to receive funding from Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines, Ltd., Nippon Yusen Kabushiki Kaisha and another investor.
September 11, 2023
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JSE Ocean, Ltd. announced that it will receive funding on September 12, 2023. The transaction will include participation from new investors Kawasaki Kisen Kaisha, Ltd.,Mitsui O.S.K. Lines, Ltd.,Nippon Yusen Kabushiki Kaisha and Japan Suiso Energy, Ltd. The company will issue common shares through a third-party allotment.
Kawasaki Kisen Kaisha, Ltd. is one of the Japanese largest maritime transportation providers. Net sales break down by activity as follows:
- logistics services (50.2%): warehousing, freight handling, port services, etc.;
- maritime transportation of freight (48.4%): transportation of dry bulk, oil products, liquefied natural gas, vehicles, containers, etc. At the end of March 2022, the group had a fleet of 434 vessels;
- other (1.4%).
Net sales are distributed geographically as follows: Japan (87.4%), Asia (6.3%), Europe (4.1%), the United States (2%) and other (0.2%).
JSE Ocean, Ltd. announced that it expects to receive funding from Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines, Ltd., Nippon Yusen Kabushiki Kaisha and another investor.