Samudera to sell six ships as part of plans to exit Indonesian domestic trades

Samudera to sell six ships as part of plans to exit Indonesian domestic trades

Singapore-listed Samudera Shipping is seeking shareholders’ permission to sell ships as it pushes ahead with a strategy to exit the Indonesian domestic trades.

Samudera wants to offload four small boxships – Sinar Pandang, Sinar Panjang, Sinar Jepara and Sinar Ambon – and two oil tankers, the Sinar Emas and the Sinar Jogya.

Samudera said in a release it has adopted a “strategic approach” of gradually selling or scrapping Indonesian flagged vessels with a view to exiting the domestic shipping scene, while still offering international routes in and out of Southeast Asia’s largest country.

The shareholders meeting is scheduled for April 27.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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