JAKARTA - PT Trans Power Marine Tbk (TPMA) admits that it has been struggling to handle the ever-rising coal transport demand.
“We had to rent vessels because our utilisation had reached 100%,” TPMA Finance Director and Corporate Secretary Rudi Sutiono told Kontan.co.id, Thursday (8/8).
Currently, the company’s fleet consists of 35 tugboat and barge sets as well as three crane barges. High demand has forced the company to lease four to five tugboat and barge sets.
Thus, TPMA plans to acquire one new tugboat and barge set as a strategy to increase the company’s net profit. “Leasing means we have to pay rents and causes our profit margin to drop,” said Mr Sutiono. (MS)