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Samudera warns of full year loss

Samudera warns of full year loss
Singapore-listed Samudera Shipping Line is warning of a full year loss.

Regional container line Samudera said that in light of a preliminary review of the fair value of its vessels it would be taking provisions for impairment of assets for the year ended 31 December 2016.

According to VesselsValue containerships have lost 26% of their value on average this year.

This combined provisions for bad debts related to the bankruptcy of Hanjin Shipping the company expected to report both a fourth quarter and full year loss.

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