Indonesia’s Trada Maritime has said it needs IDR 2.24 trillion ($250m) to buy new bulkers.
It is chasing the finance to expand its fleet for a new coal project next year.
The company plans to buy 5,350-hectares of concessions in Damai and East Kalimantan, with reserves of 61m tons.
The ship acquisition programme has yet to be approved by shareholders, it added.
Barges and tugs are also needed by Trada.
Its
