NISP TRAM secures loan facilities from three major banks (TRAM, Rp560)

Trada Maritime has secured several long term loan facilities from OCBC Singapore, ICBC, and Bank Mandiri with tenor reaching 5 years.

The company needs around US$200.0mn to purchase 5 new dry bulk carriers with capacity between 50 th – 70 th tonnes. US$30.0mn will come from internal cash, while US$50.0mn has already lent by Bank of Tokyo. This leaves the company with another U$120.0mn deficit.

Currently the company is still inspecting the vessels and will soon finalize the
purchase.