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News

Samudera Takes Delivery Of Container Vessel, Sinar Sabang

Further to the Company's announcements made on 26 September 2007 (Announcement no. 00057) and on 24 June 2008 (Announcement no. 00063), the Board of Directors (the "Board") is pleased to announce that it has taken delivery of Sinar Sabang, the second of two container ships with a carrying capacity of 1,740 TEUS from Guangzhou Wenchong, China. The first vessel was delivered in June 2008.

Sinar Sabang was delivered yesterday, 22 October 2008 in Guangzhou and is expected to arrive in Singapore on 29 October 2008, for its maiden deployment on the Singapore - Jakarta service.

Sinar Sabang will help the Group achieve its long term target of a balanced portfolio of owned, long-term charter-in and short-term charter-in vessels. This strategy will offer better flexibility in fleet deployment and stability in overall vessel operating cost of the Group.

By order of the Board,

Anwarsyah
Executive Director
23 October 2008