en.Wedoany.com Reported - Indonesian shipping company Samudera Shipping Line, through its wholly-owned subsidiary Samudera Tankers, has sold two chemical tankers for a total cash consideration of $22.95 million.

The two vessels, Sinar Malahayati and Sinar Mendawai, will be delivered to an independent third-party buyer along with their existing time charter contracts.

The transaction is expected to generate a pre-tax disposal gain of approximately $1.3 million, based on the combined book value of the two vessels at $21 million as of December 31, 2025, net of transaction costs.

In the fiscal year ending December 31, 2025, the two vessels recorded a net loss of $0.5 million. An independent valuation firm commissioned by the company estimated their value at approximately $25 million on March 27, 2026.

The sale price was negotiated on a willing buyer-willing seller basis, taking into account the vessels' age, condition, and the market value of similar tankers.

The net proceeds from the sale are intended for general working capital, and the board may also redeploy the funds for fleet renewal or other investment opportunities. The buyer will deposit 10% of the purchase price into an escrow account within three banking business days, with the remaining 90% paid upon delivery of each vessel.

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