Company Watch

Samudera riding wave of soaring container shipping rates

Analysts reckon it is among world's 'cheapest' container shipping stocks

New: Gift this subscriber-only story to your friends and family

Over the past year, global shipping rates have hit multi-year highs, driven by a commodity boom, port bottlenecks, shortage of containers and an industry capacity crunch.

The blockage of the Suez Canal in March following the grounding of giant container ship Ever Given simply brought the whole issue into sharper focus.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

Join ST's Telegram channel here and get the latest breaking news delivered to you.

A version of this article appeared in the print edition of The Straits Times on September 09, 2021, with the headline Samudera riding wave of soaring container shipping rates. Subscribe