March 30, 2017 7:37 PM ET

Marine

Company Overview of Samudera Shipping Line Ltd

Company Overview

Samudera Shipping Line Ltd owns and operates ocean-going ships; and provides containerized feeder shipping services in South East Asia, the Far East, Indian Sub-continent, and the Middle East. The company operates through Container Shipping, Bulk and Tanker, and Others. It provides feeder services to main line operators between the hub ports and the outlying spoke ports; liner services to traders and freight forwarders; and inter-regional container shipping services to manufacturers, buyers, exporters, and importers. The company also offers regional industrial shipping services for liquid and gas, and dry bulk cargoes; marine off-shore support services; and tramp shipping services, including...

No. 25-01, 6 Raffles Quay

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 Announces Board Changes

The Board of Directors of Samudera Shipping Line Ltd. announced that Mr. Quah Ban Huat, who is an Independent and Non-Executive Director, has been appointed as the Chairman of the Audit Committee in place of Mr. Nicholas Peter Ballas. Mr. Chng Hee Kok, who is an Independent and Non-Executive Director, has been appointed as the Chairman of the Remuneration Committee in place of Mr. Quah Ban Huat and Mr. Quah Ban Huat will replace Mr. Nicholas Peter Ballas as the Lead Independent Director, all changes are with effect from 27 February 2017.

Samudera Shipping Line Ltd Proposes Dividend of for the Financial Year Ended December 31, 2016

Samudera Shipping Line Ltd. proposed dividend of 0.50 cents per share for the financial year ended December 31, 2016 against 0.27 cents per share paid for the immediately preceding financial year.

Samudera Shipping Line Ltd. Announces Group Earnings Results for the Year Ended December 31, 2016

Samudera Shipping Line Ltd. announced group earnings results for the year ended December 31, 2016. For the year, the company's revenue was $260,466,000 compared with $317,676,000 a year ago. This was due to lower revenue generated from both the container shipping and bulk & anker business segments. Loss from operations was $3,907,000 compared with profit from operations of $5,837,000 a year ago. Operating loss was $5,337,000 compared with operating profit of $3,957,000 a year ago. Loss before tax was $3,797,000 compared with profit before tax of $5,205,000 a year ago. Loss attributable to owners of the company was $5,428,000 or 1.01 cents per diluted share compared with profit attributable to owners of the company of $4,173,000 or 0.78 cents per diluted share a year ago. Net cash generated from operating activities was $36,828,000 compared with $28,145,000 a year ago. Purchase of property, plant and equipment was $7,454,000 compared with $5,786,000 a year ago. As on December 31, 2016, on group basis, net asset value per ordinary share was 44.63 cents compared with 45.98 cents a year ago.

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