TheSingapore-listed company booked net earnings of $444,000 for the three monthsto 31 March versus a loss of $4.3m in the corresponding period of 2013.
Revenuefell by $10m to $86.2m following a downturn in sales across all business areas.
However Samudera,which operates mainly as a domestic and regional company, ended the period inthe black as costs fell by 15% to $81.9m.
Container shipping, which provides the bulk of its revenue, declinedby 7.9% to $71.5m on lower average freight rates while volumes remained largelyunchanged.
Non-container shipping recorded a steeper drop in sales of 21.9%to $14.3m following the disposal of achemical tanker and an oil barge in December while some vessels earned less undercontracts of affreightment.
Samudera has a fleet of almost 30 containerships and tankersin the water, Clarksons’ data shows.
