As a result of the 10% increase in container volume handled to 1.3 million TEUs coupled with freight rates improvements, revenue from the container shipping business rose 11.2% to US$250.7 million in FY17 from a year ago.
SINGAPORE (Feb 27): Samudera Shipping swung back into the black in FY17 with earnings of US$5.9 million ($7.8 million), a reversal from the loss of US$5.4 million in FY16.
For the FY17 ended Dec, Samudera recorded an 8.9% increase in revenue to US$283.7 million from a year ago. This came on the back of higher revenue contribution from its container shipping business segment.
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