JAKARTA (Yosefardi) – Troubled shipping company PT Berlian Laju Tanker Tbk (BLTA) has sufficient cash for financing its operation while focusing on restructuring of dollar bond debts.
Currently, the company’s employees total 1,340. It operates 37 chemical tanker, 12 gas tanker, 4 oil tanker, and one FPSO vessel. Some 88% of total vessels serve contracts while 12% is for lease.
Revenue from domestic chemical market is expected to stable this year along with the flat demand for vessels used by Shell to transport biodiesel cargoes.
While revenue from Asian market is expected to increase along with demand from India for palm oil products and expected increase of China’s demand for producing chemical products after the new year holiday period.
BLTA also predicts stable revenue from America bay and lower revenue from Europe due to declining demand, but for short term outlook.