- Business
- Samudera Shipping Line Ltd Samudera Shipping Line Ltd (S56.SI) is a Singapore-based marine shipping company primarily engaged in the transportation of containerized and non-containerized cargo through its Container Shipping, Bulk and Tanker, and Agencies & Logistics business segments. The company owns and operates a fleet of approximately 31 to 36 vessels, including 24 to 28 container vessels, 4 chemical tankers, and 3 to 4 gas tankers; it provides feeder services between its hub port in Singapore and spoke ports in Asia for main line operators, liner services to traders and freight forwarders, inter-regional container shipping to manufacturers, exporters, and importers, shipping agency services, as well as chartering of bulk carriers and tankers for dry bulk, oil, chemical, gas, and liquefied products on time charter, contracts of affreightment, or single-voyage basis. Founded in 1993 and headquartered at 6 Raffles Quay, No. 25-01, Singapore 048580, Samudera Shipping Line Ltd serves ports across Southeast Asia, the Indian Subcontinent, the Far East, and the Middle East, with representative and agency offices in various cities in those regions; it operates as a subsidiary of PT Samudera Indonesia Tbk and employs 156 full-time staff. Recent developments include the incorporation of wholly-owned subsidiaries Samudera Ship Holdings Pte Ltd in September 2025 to focus on shipping and ship chartering, and Samudera Ship Brokers Pte Ltd in December 2024; entry into a memorandum of agreement in September 2025 for the acquisition of a second-hand 2,684 TEU container vessel for approximately US$50.36 million, expected for delivery in 2025 and financed via internal resources and bank borrowings; an increase in investment in subsidiaries as of December 2024; and earlier acquisitions such as two newbuild 1,900 TEU container vessels agreed in December 2022 for delivery in late 2024 and early 2025, alongside ethylene gas vessels in late 2023.