The Company operates its global maritime shipping services through its Shipping Subsidiaries. The Company s global maritime shipping business consists of two revenue streams, time chartering and vessel management services
The Company s global maritime shipping business generated US 12.4 million, US 32.4 million and US 31.3 million revenue in the six months ended December 31, 2023, the fiscal years ended June 30, 2023 and 2022, respectively, which constitute 100 of the Group's revenue. The Group expects to see steady growth in the global maritime shipping business.
The Company plans to operate its seaborne pulping business through Openwindow and build its seaborne pulping business upon its long-established global maritime shipping operations. Via a combination of self-owned vessels and partnership with other shipowners for leased-in vessels, the Group expects to launch the seaborne pulping business by the first quarter of calendar year 2025.
2023: The Company is a Cayman exempted company formed on July 4, 2023.
2024: On March 14, 2024, Fortune Ocean became the 100 owner of Top Wisdom Shipping Management Co., Limited , a Hong Kong company formed on February 1, 2013 (“Top Wisdom”), Top Creation International (HK) Limited a Hong Kong company formed on July 29, 2011 (“Top Creation”), Top Moral Shipping Limited , a Hong Kong company formed on December 12, 2013 (“Top Moral”), Top Legend Shipping Co., Limited , a Hong Kong company formed on March 6, 2013 (“Top Legend”), and Max Bright Marine Service Co., Limited, a Hong Kong company formed on April 2, 2014 (“Max Bright,” and together with Top Wisdom, Top Creation, Top Moral, and Top Legend, the “Shipping Subsidiaries” or the “Hong Kong Subsidiaries”).
On March 27, 2024, The Compnay completed a reorganization of its corporate structure. Intercont owns a 100 equity interest in each of Fortune Ocean Holdings Limited, a British Virgin Islands holding company formed on January 22, 2024 (“Fortune Ocean” or the “BVI Subsidiary”), and Singapore Openwindow Technology Pte. Ltd., a Singapore private company limited by shares formed on July 28, 2023 (“Openwindow” or the “Singapore Subsidiary
Headquarters
Room 8501, 11/F., Capital Centre, 151 Gloucester Road, Wanchai
Hong Kong;
Postal Code: 10168
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