In today’s briefing:
- Samudera Shipping Line Ltd: September 2026
Samudera Shipping Line Ltd: September 2026
- In our last semi-annual update of Samudera in March 2026, we said we will review the company pending clarity in Middle East geopolitics and US tariff outlook.
- US tariff has broadly cleared up, at least for now, after the Trump administration announced a 10% global tariff rate in July. However, on the geopolitical front, the US-Iran conflict has yet to be resolved, and the Strait of Hormuz remains closed.
- Amid the geopolitical crisis, the spikes in freight rates and higher oil prices do not bode well for Samudera. Both are due to the closure of the Strait, on the back of supply disruptions rather than growing underlying demand. Oil prices, a key cost for Samudera, continue to gyrate in an unpredictable manner and has recently rebounded with Brent at USD101 currently.
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