Wintermar expands fleet with five new vessels

Jakarta: PT Wintermar Offshore Marine announced that it has allocated $60m this year to buy five new ships to expand its fleet.

Wintermar head of corporate planning Pek Swan Layanto said two of the new orders would be delivered this month, another one in the middle of this year and the remaining two at year-end, bringing Wintermar’s fleet to 71 vessels.

Layanto said Wintermar might see lower demand this year however profits are still expected to increase. [28/04/14]

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