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Samudera in Malaysian shipping agency joint venture

Samudera in Malaysian shipping agency joint venture
Kuala Lumpur: Samudera Shipping Line has set up a joint venture in Malaysia with QEL Shipping Services.

The joint venture, Samudera Intermodal, to be incorporated in Malaysia will engage in shipping agency business in the Southeast Asian country. Following the execution of the joint venture it will have a paid capital of RM1m. Samudera will invest RM650,000 while QEL will invest the remaining RM350,000.

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