JAKARTA (Yosefardi) – Oil shipper PT Soechi Lines Tbk (SOCI) allocates capital expenditure (capex) of US$30-50 million for this year, mostly used to fund the purchase of new vessels.

Currently SOCI operates 37 units of vessels with total capacity of 1.48 million dead weight tonnage (DWT).

SOCI is now building some shipyards and vessels which support the revenue growth. It booked revenue of US$100.76 million in January-September 2015 period, grew by 14.71% from US$87.83 million in the corresponding period of 2014.