SINGAPORE-LISTED shipowner Samudera Shipping Line Ltd, a subsidiary of Jakarta-listed Samudera Indonesia, has witnessed a significant downturn in its financial performance for the latter half of 2023, culminating in a 77 per cent plunge in net profit to US$34.6 million from the previous year’s US$150.3 million. The decline, alongside a 46.1 per cent reduction in revenue to $277 million, underscores the challenges faced by the container shipping sector, largely due to diminishing freight rates...
https://www.seanews.com.tr/samudera-shippings-h2-profit-slumps-77pc-on-weaker-liner-market/199733/