Indonesian Stock Exchange-listed shipping company PT Trada Maritime Tbk will buy four Panamax-type vessels next year to boost the company’s transportation service for coal shipment, Bisnis Indonesia reported. The company’s chief financial officer Adrian.E Sjamsul said that the company would spent about US$120 million for the four vessels. “ With the purchase of four vessels, we will have panamaxes next year,” he added.
This year, the company bought a Panamaxes vessel with a capacity of 70,000 dead weight ton (DWT) for US$30 million. The purchase is financed by loans from Bank Mandiri. In addition, the company has operated 10 sets of tugs and barges for the coal transportation. The vassel is expectect to arrive in Indonesian water December, he said.
Adrian said that the company was currently increasing the company’s fleet to be able to benefit from the increase in coal shipment both for domestic and export markets.
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