Singapore-listed Indonesian company Samudera Shipping Line — once a little traded, largely forgotten owner of bulk carriers — has surged 127% since the lows of March last year.
Over the years, it has transformed into a regional container shipping line and garners most of its revenue and earnings from container shipping. Now, market watchers are indicating that the surge in global freight rates will lift all ships — including Samudera’s.
According to a report by Lim & Tan Securities, American research firm Descartes Datamyne says that the number of container ships shipped from Asia to US climbed 23.6%, a record for the month of November. Global box trade recovered in 2H2020, and the overall estimated growth is around 5% to 6% in 2021.