JAKARTA – PT Wintermar Offshore Marince Tbk (WINS) sets the capital expenditure (CapEx) budget to USD 8 million this year, aiming to optimise technical capability of the company to fix and reactivate vessels. This allocated CapEx is taken out of the bank loans and the proceed of the vessel sales last year.
Pek Swan Layanto, Investor Relation of Wintermar Offshore Marine, mentioned that the company’s strategy is to focus on purchasing assets with a low price and high-quality specifications. “The initial CapEx budget was USD 12.5 million, USD 4 million of which had ben utilised in 2021. This year, the allocation is set to USD 8 million,” he listed in detail in the press release quoted today (11/4).
According to Layanto, the company will acquire its third platform supply vessel (PSV), which will then be employed internationally. In the past, the company had purchased two units of PSV through a bank guarantee. One PSV has been activated, leaving the rest of the fleet to run at the end of Q1 2022.
Additionally, WINS will make an investment, forming an Indonesian crew to perform maintenance activities on its high-value fleets. By the end of 2021, the company reportedly manages 38 units of vessels after selling off seven others, comprising two high-tier boats and five mid-tiers. (LK/ZH)