Samudera Shipping Line saw good growth in container volumes in the second quarter, handling 346,000 TEU or 12.8% more boxes compared to the 306,700 TEU it moved in the second quarter of 2017.
A reduction in Samudera’s tanker fleet however meant lower number of vessel employment days compared to the previous corresponding period in the second quarter of 2017. Container shipping revenue rose by 7.5% to $95.9mn.
Looking ahead, Samudera said: “Operating conditions in the regional container shipping industry are expected to remain demanding. The escalating trade dispute between US and China is creating uncertainties and the impact of the various tariffs and counter-measures may see a lowering of global trade.”
In terms of the dry bulk sector however, Samudera saw the market continuing to strengthen, as seen by the uptrend in the Baltic Dry Index since the start of the year. “The group will continue to monitor the market for an opportune time to expand its business activity in this area,” the company said