Timah to buy new ships
Timah (TINS) has allocated funds of Rp600b to buy two new ships and to finance the company’s ships maintenance. The company has finalised the ships’ size and type and will make the purchases at the end of this year. The new ships are expected to be completed in the next one to two years. Currently, the company operates six dredging ships, 18 vessels and 58 rental ships.
