8 stories mentioning SGX:S56Updated 2d ago
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Samudera Shipping Line (SGX:S56) unit Blue Ocean Shipping entered into a shipbuilding contract with China's Zhejiang Xinle Shipbuilding for the construction of a new 696-TEU container vessel, according to a Tuesday filing with the Singapore Exchange.The vessel is expected to be delivered by the first half of 2028 and is part of the unit's strategy to capture opportunities in Japan's coastal and regional markets.
Singapore shares started the week lower, closing in the red zone on Monday, tracking broader regional losses despite the US President, Donald Trump, claiming fresh talks with Iran to find a long-term peace resolution.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,590.93 and 5,630.49 throughout the day. It ended the session at 5,612.28, down 16.22 points or 0.3% compared to Friday's close.On the corporate front, shares of GDS Global (SGX:5VP) surged over 7% at the close as it secured a new supply contract for its proprietary blast-mitigating shutters for a major oil and gas facility in Qatar through a local distributor.RH PetroGas (SGX:T13) closed over 2% lower as its unit completed drilling of the Northwest Klagagi-1 well under the Kepala Burung production sharing contract in Southwest Papua, Indonesia.Meanwhile, shares of Samudera Shipping Line (SGX:S56) were up nearly 1% at the close as it completed the disposal of MT Sinar Mendawai on July 31.
Samudera Shipping Line (SGX:S56) completed the disposal of MT Sinar Mendawai on July 31, according to a same-day filing with the Singapore Exchange.Earlier, the shipping company had agreed to dispose of two Singapore-flagged chemical tankers, MT Sinar Malahayati and MT Sinar Mendawai, to a third-party buyer for nearly $23 million.
Samudera Shipping Line (SGX:S56) recorded a 20% decline in attributable profit for the first half of 2026 to $33.3 million from $41.8 million a year prior.The integrated shipping and logistics company's revenue for the six months jumped 12% to $320.3 million from $285.5 million in the year-ago period, according to a Wednesday filing with the Singapore bourse.The company declared a tax exempt one-tier interim cash dividend of SG$0.0135 per share for the interim period.
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.
