Samudera Sells Two Tankers for US$14.5 Million
Samudera Shipping Line's Indonesian unit agreed to sell two oil tankers, MT Sinar Agra and MT Sinar Busan, to an unrelated buyer.
Updated on Nov. 6, 2026 in Oil and Gas
Samudera Shipping Line agreed to sell two Indonesian-flagged oil tankers for US$14.5 million, with its subsidiary PT Samudera Shipping Indonesia signing the sale agreement with an unrelated Indonesian buyer on 22 October 2026. The sale follows earlier tanker disposals completed in June and July 2026.
Why it matters
The company said the sale followed a review of the vessels' age, condition, employment and prevailing market conditions. The disposal comes as Samudera has also signed shipbuilding contracts for two new 3,000 TEU container vessels, reflecting a shift in its fleet.
The sale price of US$14.5 million compares with an independent market valuation of about US$13.6 million and a combined book value of roughly US$8 million, with the 10% deposit and 90% balance payable on delivery. Samudera expects a disposal gain of approximately US$6 million, though the timing of its final realization depends on the vessel handover.
The players
Samudera Shipping Line
A Singapore-listed shipping company whose subsidiaries operate tankers and container vessels across Asian trade routes.
PT Samudera Shipping Indonesia
The Indonesian subsidiary of Samudera Shipping Line that signed the sale agreement for the two tankers.
The details
MT Sinar Agra and MT Sinar Busan, both built in 2006 with deadweight capacities of 11,243 and 11,277 tonnes, are being transferred with their charters attached. The transaction is settled in cash, and Singapore Exchange rules classify it as a discloseable transaction for Samudera.
Timeline
June 2026: Combined book value of the two tankers measured at approximately US$8 million.
June and July 2026: Earlier tanker disposals completed.
30 September 2026: Independent valuation places combined market value at around US$13.6 million.
22 October 2026: Sale agreement signed with the Indonesian buyer.
Fourth quarter 2026: Expected delivery of the vessels to the buyer.
Market Landscape
The sale continues a sequence of tanker disposals that began with MT Sinar Malahayati and MT Sinar Mendawai in June and July 2026. It runs alongside Samudera's newly contracted 3,000 TEU container vessels, indicating a move from aging tonnage toward larger, newer capacity.
For shippers and charterers, the sale means the two vessels will change ownership with their existing time charters transferred, subject to the charterer's consent. Readers following Samudera's share value should note that the expected disposal gain of about US$6 million is a projection that depends on completion of the sale.
The takeaway
Asset sales like this one show how shipping companies can convert aging vessels into cash while reinvesting in newer tonnage, a pattern worth watching as fleet renewal continues across the sector.
What happens next
Delivery of MT Sinar Agra and MT Sinar Busan to the buyer is expected during the fourth quarter of 2026, when the remaining 90% of the purchase price becomes payable.
Further reading
For broader context on tanker markets and vessel values, explore Oil and Gas coverage.
Source note: This article includes information reported by Container News.
