The filing shares that the book value of the vessels as at Dec 31, 2025, was US$21.0 million while their market value was approximately US$25.0 million, determined by an independent valuer commissioned by the firm, on a willing-buyer and willing-seller, charterfree basis, as at March 27.
In a bourse filing on June 3, Mainboard-listed Samudera Shipping Line announced that it has signed agreements to dispose of two vessels — MT Sinar Malahayati and MT Sinar Mendawai — for a cash consideration of US$22.95 ($29.5) million. The transaction was undertaken on a willing-buyer willing-seller basis.
The company will receive 10% of the sale price within three banking days of the execution of the memorandum of agreement and the balance on the delivery of vessels. The identity of the buyer is undisclosed.
