Samudera Shipping orders two containerships of its own

Samudera Shipping Line Ltd says it has entered into an agreement to purchase two container vessels for a total of US$83 million.

The vessels, to be built by Guangzhou Wenchong in south China, will each have a capacity of 1,740 TEU and be delivered in the fourth quarter of 2008. The group currently operates 22 vessels on a combination of short- and long-term lease. Samudera intends to deploy the vessels in one of its major trades, in line with its strategy of improving frequency. The group statement announced its intention to explore opportunities to purchase more vessels.

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