Samudera profit hits US$152,000, erasing last year's $1.4 million quarterly loss

INTRA-ASIA specialist Samudera Shipping posted a year-on-year first quarter profit of US$152,000, erasing a $1.4 million quarterly loss from the year before, on the back of a 23.8 per cent revenue increase.


But the company warned the Singapore stock exchange that it faced soaring bunker coasts and "nagging supply issues" that would impact on its full-year results, reported London's Containerisation International, which added that volumes grew 3.77 per cent to 334,000 TEU against last year's first quarter throughput.


Samudera took delivery of two 1,054-TEU ships in the first quarter, which is part of a plan of having a balance of owned and chartered long-term as well as short-term tonnage.
(Source:http://www.schednet.com)