Samudera Reports Indonesia Route Revenues Rise Q3 2012

Press Release
Wednesday, October 24, 2012

Samudra's revenue for the third quarter ended 30, September 2012 increased 1% compared to the same quarter last year.

Samudera is a regional shipping line serving the Middle East and the Indian Sub-continent in the west, South East Asia and Indo-China at the center and the Far East to the north. This extensive network of services is run from its headquarters in Singapore,

The revenue increase reflects higher contribution from the regional container shipping and Indonesia domestic container shipping segments, despite a drop in revenue for the bulk and tanker business. 


Revenue from the regional container shipping business recorded a 3% improvement to US$87.0 million, on the back of bunker surcharges collection which was implemented from end of April to July 2012. Total container volume handled for this segment was relatively flat at 313,000 TEUs, compared to 317,000 TEUs in 3Q11.

The Indonesia domestic container shipping business recorded a 9% increase in revenue to US$15.5 million as total container volume handled rose 12% to 41,000 TEUs, from 36,000 TEUs in 3Q11. 
However, revenue from the bulk and tanker business on the other hand, fell 14%, from US$17.2 million in 3Q11 to US$14.9 million in 3Q12 as a result of a drop in charter rates in the market and fleet reduction following the disposal of three bulk carriers between June and July 2012. 


Outlook:
Industry outlook remains cloudy for the rest of 2012, as sluggishness in the world’s major economies continue to hamper the recovery of global trade activity. 
The Group’s Indonesia domestic container shipping segment should continue to experience healthy demand, in view of a resilient Indonesian economy. On the flip side, it will continue to face the challenges of port congestion and the change in fuel price policy as implemented in the country.

Despite the softening of charter hire rates which is likely to put a cap on its profit level, the Group's bulk and tanker business should continue to contribute positively to its performance as its fleet is fully employed. In

Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

WCI Applauds Increased USACE Funding

Today WCI applauded the leadership of Senate Appropriations Committee Chairman Thad Cochran (R-MS) and Senate Energy & Water Development (E&WD) Appropriations Subcommittee

SoCal Beach Cleanup Could Take Months

The U.S. Coast Guard captain overseeing cleanup of oil spilled from a pipeline rupture that closed two California state beaches and fouled offshore waters near

MPC Honors Crowley for Tank Vessel Safety

Crowley Maritime Corporation’s petroleum services division has once again been honored by Marathon Petroleum Company (MPC) with its annual Elite Vessel Award, which

Finance

WCI Applauds Increased USACE Funding

Today WCI applauded the leadership of Senate Appropriations Committee Chairman Thad Cochran (R-MS) and Senate Energy & Water Development (E&WD) Appropriations Subcommittee

Shipping Freight Rates Drop Amidst Overcapacity

Shipping freight rates on the world's busiest route, from Asia to Northern Europe, fell by the largest percentage amount since 2008, reflecting wild volatility

WFP: Aid Cargo for Yemen will be Delivered After Ship Docks

The World Food Programme will deliver a cargo of Iranian aid for Yemen once the ship carrying it reaches Djibouti's port, the U.N agency said on Friday. Earlier

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Port Authority Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1946 sec (5 req/sec)