The board of directors of Samudera Shipping Line Ltd. announced that the company had on 7 June 2023 entered into agreements for the acquisition of two container vessels from unrelated third parties (New Vessels). The aggregate acquisition price is approximately USD 59,900,000. The New Vessels, each with a capacity of 1,500 TEUs, are expected to be delivered in the second half of the year.

As the acquisition of the New Vessels is in the ordinary course of business of the company and is part of the company's existing principal business, this acquisition will not constitute as a "transaction" for the purpose of Chapter 10 of the SGX-ST Listing Manual.