00:00Pacific Ocean Maritime
00:02Pacific Ocean Maritime
00:05PT Xochi Lines Tbk said that it has established a new business
00:09named Pacific Ocean Maritime
00:11which is located in Marshall Islands on August 21, 2024.
00:16Later, Pacific Ocean Maritime will operate in the field of ship rental
00:20and ship with crew.
00:25PT Xochi Lines Tbk announced the establishment of a new business
00:28Pacific Ocean Maritime Ltd.
00:30which is located in Marshall Islands.
00:33The new business will operate in the field of shipping
00:36including ship rental and ship with crew.
00:40The establishment of this new business has been approved
00:42by the Marshall Islands Authority Business Corporation, Inc.
00:46with number 127599 on August 21, 2024
00:52with the ownership of PT Xochi Lines Tbk
00:54in the Pacific Ocean Maritime Ltd. is 100%.
00:59The purpose of the establishment of this new business
01:01is to support retail business activities
01:04on a global scale and is expected to increase
01:07and help operational search activities.
01:10The ownership of PT Xochi Lines Tbk
01:12in the Pacific Ocean Maritime Ltd.
01:14is 100%.
01:16Therefore, the establishment of this new entity
01:19has no significant impact on financial conditions.
01:22With the establishment of a new entity
01:24is expected to make a positive contribution in the future
01:28for the company so that it will have a positive impact
01:31on the consolidation finance report.
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