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Green Marine

about 16 years ago

SSL doubts wisdom of returning capacity

Intra-Asia boxship operator Samudera Shipping Line says the potential reactivation of idle containership capacity is casting a cloud over the industry. The Singapore-listed group saw revenue decline 25.5% to US$330.2m in 2009, as income from container operations dropped more than 30% to $273.6m as a

1 minutes read

Intra-Asia boxship operator Samudera Shipping Line says the potential reactivation of idle containership capacity is casting a cloud over the industry. The Singapore-listed group saw revenue decline 25.5% to US$330.2m in 2009, as income from container operations dropped more than 30% to $273.6m as a result of a decline in container volumes and freight rates.

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