Samudera Shipping Line Ltd. provided consolidated earnings guidance for the first quarter ended March 31, 2023. Based on a preliminary review of the Financial Results, the Group has recorded a contraction in revenue and earnings for 1Q2023 as compared to 1Q2022. This was due to softening of freight rates and a decline in container volume handled during the quarter compared to the same period last year.

Nevertheless, the Group's performance in 1Q2023 is better than 1Q2021.