Japan’s financing and investment specialist Orix Corporation plans to acquire all issued shares in the shipping company Santoku Senpaku.

The deal, expected to go through by the end of next month, will see Orix Corporation buying the Japanese company which has a portfolio of 67-owned ships of various types, including bulk carriers, car carriers, and container vessels.

The shipowner Santoku Senpaku also leases its fleet to leading Japanese and overseas natural resources companies and grain companies.

The two companies signed a share transfer agreement and Orix now expands with the 1972-established Santoku Senpaku which currently owns, leases and manages the operation of ships.

Originally entering the market as a seafarer dispatch business, the company expanded its fields of operation to the ownership of both ocean-going and coastal ships.

In recent years, the shipowner has sought to transition to the use of cutting-edge environmentally friendly ships, placing orders for car carriers capable of operating on liquefied natural gas (LNG).

On the other hand, Orix has more than 50 years’ experience in shipping, beginning in Japan in the late 1960s with a secondhand ship leasing business and since then building up expertise in ship investment (owning and operations), ship purchases, sales, and brokerage, and international ship financing.