Shipping firm PT Pelayaran Tamarin Samudra Tbk (TAMU) targets to book revenues of US$16 million this year, a 26% rise compared to last year’s US$12.76 million, inline with the improving oil prices. TAMU has booked revenues of US$7 million in the first half (H1) this year. The Company expects to book profit of US$0.63 million this year, against loss of US$6.8 million last year. TAMU also plans to issue convertible bonds next year, to fund its capital expenditure (capex).