The Indonesian-headquartered shipping firm issued a profit guidance note saying it expected to report a loss for the second quarter ended 30 June.
“The loss was due mainly to lower freight rate and charter rate as a result of oversupply of vessels across all three business segments of the group namely regional container shipping, Indonesia domestic container shipping and bulk carrier, offshore and tanker business,” the company said.
Samudera will report its second quarter results on 30 July.
