Samudera Shipping has moved to reassure investors about its exposure to Hanjin Shipping following the collapse of the South Korean owner.
Singapore-listed Samudera said it had $2.5m to $3m in “net exposure” to Hanjin via slot sharing agreements on various services.
It explained the figure was "material" to its financial performance but would not affect its “overall financial standing”.
Samudera said it was working to ensure the reliability of its services and seeking replacement cargo on the affected sectors.
