Samudera will be a vessel operating partner with ONE on the Southeast Asia to India and Gulf/Straits India Gulf (SIG) service that was launched on 16 November 2023. The SIG service calls at Singapore, Nhava Sheva, Mundra, Dammam, Jebel Ali, Cochin, Colombo, Singapore using 4 ships of 2,500-2,800 teu on a 28 day rotation, of which Samudera will contribute the 2,824 teu MONACO, that will operate alongside 3 ships operated by ONE (2,542 teu SAFEEN PRISM, 2,664 teu NYK ISABEL and 2,824 teu MONACO).
CNC (CMA CGM), COSCO and Samudera have teamed up to operate a new Singapore-Haiphong feeder service offering twice weekly departures using 3 ships on an 10-11 day rotation. The service is branded respectively as the Haiphong Singapore Feeder 1 (HSF1CNC) by CNC, Singapore-North Vietnam Express (NVX) by COSCO and North Vietnam Service (NVS) by Samudera. The joint service incorporates the 3 carriers' existing North Vietnam services, with the existing NVX/NVS operated by COSCO and Samudera revamped
PIL and Samudera have teamed up to launch a joint Belawan-Singapore-Bangkok service from 11 May 2023. The butterfly service turns in 2 weeks using the 1,080 teu KOTA HANDAL from PIL and the 1,141 teu ALS SUMIRE from Samudera that will call alternately on the Singapore, Belawan, Singapore leg (branded as SMS by PIL and BLW by Samudera) and Singapore, Bangkok, Singapore leg (branded as BK1 by PIL and BKK by Samudera).
Samudera Shipping has merged 2 Southeast Asian feeder services into an extended rotation connecting Yangon, Singapore, Quinhon, Danang, Singapore, Yangon. The extended service will replace the Singapore Yangon Service (YGX) and Central Vietnam Service (CVS) and the 3 ships that are currently operating on these services have been phased into the new service - the 1,054 teu SINAR SOLO and SINAR BANDUNG, together with the 1,048 teu SINAR BANDA.
The best yard stick, in our view, measuring management performance is the financial return generate over time. And the most direct financial return for shareholders is the dividend pay-out relative to a company's market value. Liners have been swimming in cash on extraordinary earnings since 2021. Reasonably, they also distributed dividend generously. Between 2021 and July 2022 end, a total of $38bn* of dividend paid while another $14bn have been committed to be paid in 2022 by the 16 shipping