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Samudera Shipping Line Reports Lower Average Revenue for Container Business in Q1

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-- Samudera Shipping Line (SGX:S56) reported an average revenue of $233 per twenty-foot equivalent unit for its container division in the first quarter of the year, compared with an average revenue of $238 in the year-ago period, according to a filing with the Singapore Exchange on Tuesday.

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Shares of the shipping company were down nearly 1% in Wednesday's trading.

Storage capacity from the logistics division came in at 181,900 pallet positions, up from 164,900 pallet positions a year earlier, the filing showed.

Total volume handled grew to 744,900 pallets equivalent, from 535,700 pallet equivalent.

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