Samudera acquires two new container vessels

SAMUDERA Shipping Line has acquired two container vessels with a total capacity of 3,800 twenty-foot-equivalent units (TEUs) for US$66 million.

In its regulatory filing after trading hours on Friday (Jan 6), the Indonesian shipping line said the two new vessels purchased from an unrelated third party are expected to be delivered in the fourth quarter of 2024 and early 2025.

The acquisition of the vessels is not expected to have any material impact on the net tangible assets and earnings per share of the group for the financial year 2022, the statement said.

The counter closed up 0.5 per cent or S$0.005 at S$0.955.