Samudera &ndash PT Samudera Indonesia Tbk (SMDR) &ndash has revised its yearly revenue target as the trade demand was again back to increase following the relaxation of China lock down and the freight rate was steady at the high level.

These prospective indicators have supported Samudera to increase its 2022 yearly revenue target to US$ 1 billion, from US$700 million target contracted in the early year.

&ldquo Now demand is still high, even tends to be higher following the relaxation of China  lockdown.  Containerized trade seems to again increase,&rdquo Samudera President Director Bani Mulia has said as  Kontan  quoted.

Such high demand, according to Bani, had kept the freight rate steady at high level. These indicators have supported Samudera to revise its yearly target of 2022. &ldquo We have increased our target to US$ 1 billion, from US$ 700 million target set up in early year. In the first half, we are very optimistic to reach US$ 500 million,&rdquo Bani said.

As reported earlier, in 2021, Samudera booked revenue of US$ 672.91 million, a 37.09% increase year on year  (yoy). This supported the company to enjoy a fantastic growth in net profit to US$ 93.04 million, from loss of US$ 3.34 million in earlier year (2020).

Bani explained that Samudera continued its business expansion through procurement of 10 new fleets, including containerships, tankers, and bulkers.

Of these total new fleets, one tanker has been delivered and now being in operation, while another tanker and two containerships are scheduled to be delivered before the end of this year.