Samudera Shipping offloads another

Indonesian owner Samudera Shipping continues its plans to offload older vessels by selling the Sinar Emas, an 18-year-old oil tanker.

The vessel was sold to an unnamed third party for a price of $6.9m, with proceeds to be used for working capital and business expansion.

Sinar Emas is one of six ships Samudera announced it would sell last year with a view to exiting the Indonesian domestic shipping scene.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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