Samudera Shipping Line : Business Update 1Q 2024

BUSINESS UPDATE

1Q 2024

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CONTAINER SHIPPING

• Volume in 1Q 2024 is relatively stable compared to 1Q 2023. The first quarter is traditionally lower compared to fourth quarter due to seasonality factors.
• Freight rates have been trending down since early 2023 as seen in the lower average revenue per TEU. This had negatively impacted on operating margins.
• Operating environment has also been challenging, partly due to port congestions resulting in longer turnaround time.

BUSINESS UPDATE

	1Q	1Q	4Q
	2024	2023	2023
VOLUME	433	437	561
('000 TEU)
AVERAGE REVENUE/TEU	$244	$371	$262
(USD)

BUSINESS UPDATE

BULK & TANKER

		1Q	1Q	4Q
		2024	2023	2023
FLEET SIZE	7	5	6
	CHEMICAL	4	4	4
	GAS	3	1	2
EMPLOYMENT DAYS	555	448	530

• Fleet size has been increasing to provide stability in revenue.
• Vessels remained fully employed under time charter contracts.
• One new unit of gas carrier was delivered in March 2024 and has been contracted for the transportation of ethylene.
• Second unit of gas carrier will be delivered in 2Q 2024.

BUSINESS UPDATE

LOGISTICS

	1Q	1Q	4Q
	2024	2023	2023
STORAGE CAPACITY*	151.4	105.8	138.5
(in '000 Pallet Position)
VOLUME HANDLED	627.4	428.1	463.6
(in '000 Pallet Equivalent)

• This segment continues to grow through securing new management contracts on 4PL (4th party logistics).
• Higher storage capacity & throughput in 1Q 2024 in view of higher demand for Hari Raya in Indonesia.

*includes owned & managed