Singapore Shipping Corporation Limited (SSC) posted a net profit of US$16.42 million for the 12 months ended Mar 31, 2026, up 44.2 per cent year-on-year, lifted by stronger contributions from its ship-owning operations following the renewal of the car carrier m.v. Boheme’s time charter.
Earnings per share rose to 4.1 US cents from 2.8 US cents a year earlier. The board has proposed a final tax-exempt dividend of 1.0 Singapore cent a share, unchanged from the prior year; the payment and books-closure dates will be announced later.
Group revenue inched up 4.2 per cent to US$50.59 million. The ship-owning division remained the primary growth engine, with revenue advancing 12.0 per cent to US$36.20 million and pre-tax profit climbing 46.0 per cent to US$14.43 million. The agency and logistics segment saw revenue fall 11.3 per cent to US$14.39 million and pre-tax profit slid 70.4 per cent to US$0.54 million, reflecting the absence of high-margin special projects.
Group operating profit rose 30.5 per cent to US$12.79 million, supported by lower vessel operating expenses and reduced finance costs. Interest income declined, pulling finance and investment income down 29.1 per cent to US$1.88 million. A foreign-exchange gain of US$2.48 million, stemming mainly from the appreciation of the Singapore dollar against the US dollar, further boosted the bottom line.
Looking ahead, SSC flagged several cost pressures, including higher lubricant prices and increased expenses for spare parts and insurance amid ongoing geopolitical tensions in the Middle East and persistent inflation. The company also cited uncertainties in global automotive trade flows and an ageing fleet—about 80 per cent of its vessels are nearing the end of their useful lives—at a time when shipyard capacity is tight and new-build prices are elevated. While SSC’s long-standing strategy focuses on securing long-term charters to underpin earnings visibility, management noted that such contracts are now harder to obtain and may expose the group to currency risks. The board indicated it may adopt a less conservative approach to sustain business momentum under evolving market conditions.