AsiaContainers

Samudera buys containership duo for $60m

Singapore-listed Indonesian owner Samudera Shipping Line has added two 1,500 teu containership vessels to its fleet.

Samudera said that it entered into agreements for the acquisition of the two container vessels earlier this month. The company did not reveal the previous owners of the vessels but just described them as “unrelated third parties.”

The two new vessels bought for an aggregate acquisition price of just under $60m, will be delivered in the second half of the year.

The acquisition of the two vessels is part of the “ordinary course of business” and the company’s existing principal business, Samudera said in an SGX filing.

Samudera said in a separate filing that it incorporated one wholly-owned subsidiary in Singapore. On June 16, the company incorporated a shipowning business named Samudera Ships Investment.

Last month, the company added a liquefied petroleum gas carrier newbuild from Japan for $26.2m. The unit is under construction at Japan’s Sasaki Zosen shipyard and should be delivered in the second quarter of this year.

At the beginning of the year, Samudera Shipping Line announced that it bought two 1,900 teu containership newbuilds for around $66m. The company sealed the deal with an unnamed shipbuilder in late December. The units will be delivered in the fourth quarter of 2024 and early 2025.

Bojan Lepic

Bojan is an English language professor turned journalist with years of experience covering the energy industry with a focus on the oil, gas, and LNG industries as well as reporting on the rise of the energy transition. Previously, he had written for Navingo media group titles including Offshore Energy Today and LNG World News. Before joining Splash, Bojan worked as an editor for Rigzone online magazine.
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