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Samudera Shipping reports 8% rise in 2Q earnings to US$2 mil

PC Lee
PC Lee7/26/2017 6:45 PM GMT+08  • 2 min read
Samudera Shipping reports 8% rise in 2Q earnings to US$2 mil
SINGAPORE (July 26): Samudera Shipping reported a 7.9% rise in 2Q17 earnings to US$2.0 million ($2.7 million) from US$1.8 million a year ago.
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SINGAPORE (July 26): Samudera Shipping reported a 7.9% rise in 2Q17 earnings to US$2.0 million ($2.7 million) from US$1.8 million a year ago.

Revenue in 2Q increased 7.4% increase to US$71.2 million for 2Q17, from US$66.3 million in the corresponding quarter in 2Q16. The improvement came mainly on the back of higher revenue contribution from its container shipping business segment.

Driven mainly by the increase in container volume handled from 298,100 TEUs in 2Q16 to 306,700 TEUs in 2Q17, container shipping revenue rose 9.9% to US$62.5 million, versus US$56.9 million in 2Q16.

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