News / Cash-rich Samudera splashes out on new box ships to renew fleet

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Indonesian intra-Asia carrier Samudera has earmarked $150m for capex this year, which will include acquisition of three 1,900 teu new containership resales from Japanese tonnage providers, with more purchases to follow.

Samudera, which is listed on the Singapore Exchange, is understood to have bided its time, waiting for asset values to correct before replacing three 2008-built ships sold in 2021.

Last June, Samudera had accumulated $245m in cash, leading stock analysts to suggest the company could use some of its funds to ...