April 19, 2014 2:18 PM ET

Marine

Company Overview of Samudera Shipping Line Ltd.

Company Overview

Samudera Shipping Line Ltd engages in the ownership and operation of ocean-going ships, and provision of containerized feeder shipping services. The company provides feeder services to main line operators between the deep-harbor hub ports and the outlying spoke ports; and inter-region and intra-region container shipping services to end users, including manufacturers, buyers, exporters, and importers. It also offers domestic container shipping services; and bulk carrier and tanker services for specialized cargoes, such as dry bulk, liquid, or gas cargo. In addition, the company provides sea freight forwarding, shipping agency, and container freight station services; and terminal services comp...

6 Raffles Quay

No 25-01

Singapore,  048580

Singapore

Founded in 1993

Phone:

65 6403 1687

Fax:

65 6403 1889

Key Executives for Samudera Shipping Line Ltd.

Samudera Shipping Line Ltd. does not have any Key Executives recorded.

Samudera Shipping Line Ltd. Key Developments

Samudera Shipping Line Ltd. Reports Unaudited Consolidated Earnings Results for the Year Ended 31 December 2013

Samudera Shipping Line Ltd. reported unaudited consolidated earnings results for the year ended 31 December 2013. For the year, the company reported revenue of USD 391,180,000 against USD 467,695,000 a year ago. Profit from operations was USD 1,923,000 against USD 10,071,000 a year ago. Operating loss was USD 1,394,000 against operating profit of USD 6,155,000 a year ago. Loss before tax was USD 46,000 against profit before tax of USD 7,293,000 a year ago. Loss attributable to owners of the company was USD 2,193,000 against profit attributable to owners of the company of USD 4,153,000 a year ago. Net cash generated from operating activities was USD 30,147,000 against USD 20,253,000 a year ago. Acquisition of property, plant and equipment was USD 5,896,000 against USD 11,738,000 a year ago.

Samudera Shipping Line Ltd. Appoints Nicholas Peter Ballas as a Member of the Nominating Committee

The Board of Directors of Samudera Shipping Line Ltd. announced the appointment of Nicholas Peter Ballas as a member of the Nominating Committee of the company with effect from February 25, 2014.

Samudera Shipping Line Ltd. Provides Preliminary Group Earnings Guidance for the Full Year Ended December 31, 2013

The Board of Directors of Samudera Shipping Line Ltd. provided preliminary group profit guidance with respect to the groups results for the full year ended December 31, 2013. Based on a preliminary review of the unaudited financial results, the group expects to report a net loss after tax for 2013. The loss was due mainly to lower shipping rates as a result of oversupply of vessel capacity in all segments of the company's businesses.

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