4 stories mentioning SGX:S56Updated 18d ago
Every FINWIRES story that references SGX:S56, newest first.
Samudera Shipping Line (SGX:S56) completed the disposal of chemical tanker MT Sinar Malahayati on June 10, according to a same-day filing with the Singapore Exchange.The disposal is part of the shipping company's unit, Samudera Tankers' agreement to dispose of two chemical tankers, which included MT Sinar Mendawai.
A container vessel chartered by Samudera Shipping Line Ltd (SGX:S56) deployed on its Singapore-Pasir Gudang service route has sunk while en route, the company said in a filing to the Singapore bourse on Sunday.The vessel, Golden Star 1, sank on June 5. However, all crew members were safely evacuated, with no casualties, the company said, adding that a replacement vessel is being arranged to maintain service continuity.The company said it does not foresee any significant impact on the business and financials of the group, as the vessel is owned and managed by a third-party shipowner.Samudera's liabilities in relation to the incident is expected to be substantially covered by the charterers' liability insurance and owners' protection and indemnity insurance.The company's shares were down nearly 1% in recent trade.
Samudera Shipping Line (SGX:S56) will dispose of two Singapore-flagged chemical tankers, MT Sinar Malahayati and MT Sinar Mendawai, to a third-party buyer for nearly $23 million, according to a Wednesday filing with the Singapore Exchange.Sinar Malahayati has a 12,105 gross tonnage, while Sinar Mendawai has a 11,950 gross tonnage.Proceeds raised from the disposal will be used for loan repayment, general working capital and for fleet renewal and other investment opportunities.Additionally, since both vessels are employed on existing time charters, a charter party novation agreement is also expected to be signed between the buyer, seller and the charterer before or upon delivery.
Samudera Shipping Line (SGX:S56) reported an average revenue of $233 per twenty-foot equivalent unit for its container division in the first quarter of the year, compared with an average revenue of $238 in the year-ago period, according to a filing with the Singapore Exchange on Tuesday..Shares of the shipping company were down nearly 1% in Wednesday's trading.Storage capacity from the logistics division came in at 181,900 pallet positions, up from 164,900 pallet positions a year earlier, the filing showed.Total volume handled grew to 744,900 pallets equivalent, from 535,700 pallet equivalent.
