With a 2.3% increase in container volume handled to 279,000 TEUs, along with higher freight rates, revenue from the container shipping business segment rose 18.0% to US$61.5 million, versus US$52.1 million in 3Q16.
SINGAPORE (Oct 26): Samudera Shipping has swung back to profitability in 3Q17 ended Sept with earnings of US$0.48 million, compared with a loss of US$3.8 million in 3Q16.
Revenue rose 14.2% to US$69.7 million from US$61 million, mainly driven by higher revenue contribution from its container shipping business segment.
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