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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.