Samudera Shipping

It calls this a chance to own a strategically located commercial premises for its own use and/or for investment

All crew members safe; group does not expect incident to have any significant impact to its business

It is expected to yield an estimated gain on disposal of around US$1.3 million

Transport companies’ profit margins take a hit while developed and emerging markets in Asia-Pacific face spillovers

The decline in profit in the second half is attributed to the cost of services outpacing revenue growth

Blue Ocean Shipping will be headquartered in Kobe and is expected to begin operations in the first half of 2026

Revenue rises 28% to US$285.5 million on the back of increased business activity and container freight rate improvements

Contributions from container segment are lower and the outlook of the container shipping industry remains challenging, says the group

Samudera Shipping posted a 77 per cent drop in net profit to US$34.6 million for its second half year ended Dec 31, 2023, from US$150.3 million in the previous corresponding period.