Shipping firm Trada Maritime (TRAM) will pay bank loan of US$8.28 million in September this year, funded by shareholders’ loan and cash from vessel sales. The bank loan to be paid are loan to Bank ICBC Indonesia (US$4 million) and loan of subsidiary, PT Agate Bumi Tanker (US$4.27 million). Per June 2017, TRAM’s short term liability amounted US$88.55 million while its assets reached US$26.21 million. It recorded a negative capital of US$62.34 million. TRAM booked revenues of US$10.5 million in the first half (H1) this year, dropped 26.67% from US$14.3 million in H1 last year. TRAM also plans to acquire coal company PT Gunung Brata Utama (GBU).
