|
SINGAPORE-LISTED Samudera Shipping has announced that its 2022 full-year profit surged almost 150 per cent to US$323.1 million against the $130.1 million seen in the corresponding period a year earlier.
Improvements in container volumes handled and freight rates, as well as improved utilisation rates, helped the Indonesian shipowner Samudera Shipping increase revenue by 88 per cent year on year to $990.6 million.
The shipping Line reported earnings of US$150.3 million ($202.7 million) for the H2 FY2022 ended December 31, 2022, 63.6 per cent higher than earnings of US$91.8 million in the same period the year before.
Revenue for the container shipping segment grew by 88.8 per cent year on year to US$963.4 million as average freight rates for the year stood "significantly higher" than the rates in FY2021.
Demand for shipping services outpaced supply, especially for the shipment of carrier-owned container cargo. Container volume handled grew 28.5 per cent year on year to 1.9 million TEU in FY2022.
Revenue from bulk and tanker segment increased 87.1 per cent year on year to $10.7 million in FY2022. The higher amount took into account the deployment of two additional chemical tankers that were acquired in April and November 2022.
The agency and logistics business saw revenue increase by 56.8 per cent year on year to $18.5 million in FY2022 due to an increase in agency activities, as well as contribution from a third-party logistics subsidiary in Indonesia in which the group acquired a controlling stake in May 2022.
https://www.shippingazette.com/menu.asp?encode=eng
|
Back:
Next:
