Samudera Indonesia has built up INR800bn ($89m) to expand its business and acquire more ships this year, a senior company official revealed, Seatrade Asia reports.
The Indonesia-based company also intended to improve support facilities at seaports, according to Anwarsyah Batubara, Samudera's finance director.
Samudera will use 25% of its capital expenditure to purchase three secondhand cargo ships this year, while the bulk of the investment money will be used to upgrade its support facilities and offices at various ports across Indonesia, Batubara said.
Samudera is expecting its cargo business to grow by 10% this year, he added.
The Indonesia-based company also intended to improve support facilities at seaports, according to Anwarsyah Batubara, Samudera's finance director.
Samudera will use 25% of its capital expenditure to purchase three secondhand cargo ships this year, while the bulk of the investment money will be used to upgrade its support facilities and offices at various ports across Indonesia, Batubara said.
Samudera is expecting its cargo business to grow by 10% this year, he added.