Daily Archives: April 28, 2014

Wintermar to Spend $60m to Buy New Ships

Publicly listed shipping company PT Wintermar Offshore Marine Tbk has allocated US$60 million this year to buy five new ships to boost its fleet. Wintermar head of corporate planning Pek Swan Layanto said in Jakarta last week that two of the new ships would be delivered this month, another one in the middle of this…

Samudera returns to the black in Q1

Indonesia’s regional shipping firm Samudera Shipping Line returned to the black in the first quarter ended 31 March 2014 due mainly to lower cost of services. Net profit for the first quarter was registered at $414,000, rebounding from a loss of $4.42m in the same period of last year. Revenue, however, dropped 10.5% year-on-year to…