Samudera Shipping Line Rises After Surge in First-Half Net Profit

Shares of Samudera Shipping Line Ltd. rose in early Thursday trade, after the company reported a significant rise in first-half net profit and on expectations that freight rates will remain elevated. The shipping company’s shares rose by as much as 17% to 1.19 Singapore dollars (US$0.86), bringing year-to-date gains to almost 128%. It was last …

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