PIL and Samudera have teamed up to launch a joint Belawan-Singapore-Bangkok service from 11 May 2023. The butterfly service turns in 2 weeks using the 1,080 teu KOTA HANDAL from PIL and the 1,141 teu ALS SUMIRE from Samudera that will call alternately on the Singapore, Belawan, Singapore leg (branded as SMS by PIL and BLW by Samudera) and Singapore, Bangkok, Singapore leg (branded as BK1 by PIL and BKK by Samudera).
Samudera Shipping has merged 2 Southeast Asian feeder services into an extended rotation connecting Yangon, Singapore, Quinhon, Danang, Singapore, Yangon. The extended service will replace the Singapore Yangon Service (YGX) and Central Vietnam Service (CVS) and the 3 ships that are currently operating on these services have been phased into the new service - the 1,054 teu SINAR SOLO and SINAR BANDUNG, together with the 1,048 teu SINAR BANDA.
The best yard stick, in our view, measuring management performance is the financial return generate over time. And the most direct financial return for shareholders is the dividend pay-out relative to a company's market value. Liners have been swimming in cash on extraordinary earnings since 2021. Reasonably, they also distributed dividend generously. Between 2021 and July 2022 end, a total of $38bn* of dividend paid while another $14bn have been committed to be paid in 2022 by the 16 shipping