Samudera Shipping Line has reported FY2020 revenue of US$347.9 million, down 6.9%. However, thanks to a combination of lower operating costs, mainly fuel, it was able to report 89% y-o-y jump in earnings to US$7.2 million.

For the year ended Dec 31 2020, the shipping line based out of Indonesia handled a 7.5% jump in container volume.

From 1.2 million twenty-foot equivalent units handled back in FY2019, the company handled 1.3 million TEUs last year, thanks to a “sharp turnaround” in container shipping activity in the second half of the year.

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