NAVIGATING the HORIZON
SAMUDERA SHIPPING LINE LTD | ANNUAL REPORT 2024
Table of
Contents
2 | / | About Samudera |
4 | / | Vision, Mission & |
Founder's Profile | ||
6 | / | Our Milestones |
8 | / | Service Network |
12 | / | Message from |
Chairman | ||
18 | CEO's Statement | |
/ on Operational | ||
Review | ||
26 | / | Board of |
Directors |
42 | / | Key Management |
Personnel | ||
44 | / | Group Structure |
46 | / | Our Subsidiaries |
48 | / | Our Joint Venture |
52 | / | Corporate Social |
Responsibility | ||
58 | / HighlightsFinancial | |
60 | / | Corporate |
Information |
1 / ANNUAL REPORT 2024
2 /SAMUDERA SHIPPING LINE LTD
Over the years, Samudera Shipping Line Ltd has been serving its customers in transporting and managing their cargo across various ports in Asia. The Group
has progressively established a good track record of professionalism and competency in its field and, through prudent management and a well-managed expansion strategy, has successfully built up its position as a credible and well-respected industry player today.
Leveraging its extensive network, Samudera's Container Shipping business segment offers reliable feeder services between its "hub" port in Singapore and other "spoke" ports in Asia, as well as inter-regional container shipping services to manufacturers, exporters and importers. Its vessels currently ply trade routes connecting various ports in Southeast Asia, the Indian Subcontinent, the Far East and the Middle East. The Group serves a wide spectrum of shippers from its headquarters in Singapore and via representative and agency o›ces in various cities in Asia.
In the Bulk and Tanker business segment, Samudera provides shipping services for oil, chemical, gas, liquefied products, as well as dry bulk across the region. Through its subsidiary, Samudera also offers such services within the Indonesian domestic market.
Samudera's operating fleet, which comprises vessels owned and leased by the Group, currently stands at
36. This comprises 28 container vessels, 4 chemical tankers and 4 gas tankers. The Group continues to renew its fleet by acquiring, disposing and leasing vessels, where appropriate.
The Group continues to expand its participation along the logistics value chain as part of its effort to enhance its value to customers. The off-shore logistics services offered by the Group include warehousing, freight forwarding and cargo handling in Asia.
Samudera is listed on the Mainboard of the Singapore Exchange Securities Trading Limited.
3 / ANNUAL REPORT 2024
vision
Connecting Indonesia
and Beyond
misSion
Values
Integrity
and
Professionalism
Providing transportation services to meet the demand of distribution activities
Positively contribute to the economic growth by providing efficient logistics solutions
To ensure sustainable business growth and deliver additional value to shareholders
Actively participating in creating employment and developing human capital
SoEdarPo SasTrosatomo
Our founder was born in Pangkalan Susu, North Sumatera, Indonesia, on 30 June 1920.
In October 1952, Soedarpo Sastrosatomo established NVPD Soedarpo Corporation, his first business line that engaged in trading, import and distribution.
On 1 March 1953, Soedarpo took over NV ISTA (Internationale Scheepvaart Transport Agenturen) and became the Managing Director. In November later that year, Soedarpo created Indonesia
Stevedoring Ltd (INSTEL). In 1956, INSTEL acquired Stroohoeden Veem (which then became PT Sinar Harapan Veem Indonesia - SHVI), the biggest stevedoring and warehousing company in Surabaya at that time.
On 13 November 1964, through ISTA, INSTEL, Soedarpo started PT Perusahaan Pelayaran Samudera "Samudera Indonesia", which he held the position as President Director until the year 2000 and as President Commissioner until his passing on 22 October 2007.
Throughout his career, Soedarpo was active in various professional and social organisations, among others as the General Chairman of INSA (Indonesian National Shipowners' Association). Soedarpo was also known as one of the District Governors of Rotary International in Indonesia, and founder as well as the Chairman of the Rotary Indonesian Foundation. In 1985, Soedarpo received the "Orde Van Oranje-Nassau" award from the Kingdom of Holland for his services for the community.
In 1995, he received "Bintang Mahaputra Pratama" from the President of Indonesia. On 28 September 2000, Soedarpo was honored to be in the "Asia Maritime Hall of Fame" as an award for his career in building Samudera Indonesia as one of the well- respected players in the Asian maritime industry.
Our
MilesTones
1993-2003
1993
Incorporated in Singapore as a provider of container shipping services.
1994
Began feeder routes to Jakarta and Bangkok, which were subsequently extended to India, Sri Lanka, Malaysia and other ports in Indonesia.
1996
Expanded into dry bulk carrier and tanker business.
1997
Listed on the Singapore Stock Exchange (Sesdaq). Subsequently, upgraded to the Main Board listing, Singapore Exchange Securities Trading Limited.
2002
2004-2013
2004
Samudera Tra›c Co Ltd, was incorporated together with a local Thai company to strengthen our container shipping presence in Thailand.
2006
Entered LNG shipping by investing in a joint venture company, LNG East-West Shipping Company (Singapore) Pte Ltd.
Took delivery of two additional units of chemical tankers with capacity of 11,244 DWT and 10,600 DWT each. These tankers currently operate in Indonesia waters.
2008
Commenced Yangon Express service, linking Myanmar directly with markets in the Southeast Asia region.
To anticipate business growth and manage our extensive service network, the Group incorporated subsidiaries in Malaysia and India. These subsidiaries represent and act as agents for Samudera and other shipping companies in Malaysia and India.
2007 | 2011 |
Launched Chittagong Express | As part of the effort to manage cost |
service, linking Singapore and | and capacity more e›ciently, the |
Chittagong, which extends the | Group acquired three container |
network coverage of the Indian | vessels with capacities ranging from |
Subcontinent. | 1,054 TEUs to 1,060 TEUs. |
6 /SAMUDERA SHIPPING LINE LTD
2014-2024
2014
Launched Cambodia feeder service with a weekly sailing linking Singapore and Sihanoukville.
2015
Introduced weekly service to Songkhla, connecting Singapore
- Kuantan - Songkhla to tap into new market and to expand our liner business.
Samudera Logistics DWC LLC was incorporated as a logistics arm in Dubai, United Arab Emirates.
2018
Started warehousing activities in Malaysia, partnering with a local Malaysian company.
2019
Started ISO Tank business, which provides transportation services for chemical and other liquid products using tank containers in Asia.
2020
Launched two additional services to Pontianak and Pasir Gudang.
Took delivery of two units of 1,900 TEUs container vessel through long- term time charter.
2021
Established Samudera Tankers Pte Ltd to re-enter into the regional tanker business.
2022
Achieved the highest ever turnover.
Ventured into warehousing and distribution centre in Indonesia.
Took delivery of two units of 20,000 DWT chemical tankers for the international market.
2023
Launched the Straits India Gulf service, linking Southeast Asia and the Middle East.
Set up two o›ces in Mundra and Pipavav to reinforce our footprint in India.
Took delivery of six container vessels (two units 1,500 TEU owned and four units 1,900 TEU under long-term time charter) and one dual-fuel LPG tanker.
2024
Took delivery of two container vessels, each with a capacity of 1,900 TEUs and two gas carriers of 5,500 to 5,800 CBM each.
Launched two new services connecting the Gulf region and India to the Mediterranean.
7 / ANNUAL REPORT 2024
Mersin Iskenderun
Alexandria
Ain Sokhna | Umm Qasr | |||||
Aqaba | ||||||
Shuwaikh | ||||||
Dammam | Bahrain | Karachi | ||||
Doha Jebel Ali | ||||||
Muscat | Kandla | |||||
Mundra | ||||||
Jeddah | Pipavav | Mumbai | ||||
Nhava Seva |
Chennai
Colombo
INDIAN SUBCONTINENT AND MIDDLE EAST
We operate 31 services covering Chennai, Kolkata, Mumbai, Mundra and Pipavav in India, Chittagong in Bangladesh, Colombo in Sri Lanka, Karachi in Pakistan, Jebel Ali in United Arab Emirates, Dammam and Jeddah in Saudi Arabia, Aqaba in Jordan, Ain Sokh- na and Alexandria in Eygpt, Iskenderun and Mersin in Turkey, with frequencies of up to 4 sailings per week.
FAR EAST
We have a weekly service to China ports and weekly direct calls from Shanghai to Singapore, Malaysia, India and Sri Lanka.
SOUTHEAST ASIA
We operate 6 services from the Singapore hub covering Indonesia's main ports at Jakarta, Surabaya, Semarang, Belawan, Palembang and Pontianak with frequencies of 1 to 3 sailings per week.
There are 22 services serving Penang, Port Klang, Pasir Gudang and Kuantan in Malaysia, Bangkok, Laem Chabang and Songkhla in Thailand, North, Central and South Vietnam, Yangon in Myanmar, and Sihanoukville in Cambodia, with up to 4 sailings per week.
8 /SAMUDERA SHIPPING LINE LTD