Samudera Shipping Line Ltd Provides Earnings Guidance for the Fourth Quarter and Year Ended December 31, 2016
December 05, 2016 at 01:28 pm
Samudera Shipping Line Ltd. provided earnings guidance for the fourth quarter and year ended December 31, 2016. The company based on a preliminary review on the fair value and recoverable amount of the Group's fleet of vessels, a provision for impairment of assets is expected. Coupled with the provision of bad debts in view of the filing of the receivership by Hanjin Shipping Co Ltd, the Group is expected to report a net loss for fourth quarter and year 2016.