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Tuesday, 10 April 18
BUMA GRANTED ADDITIONAL LOAN FACILITY FROM BTMU TO SUPPORT GROWTH
Delta DuniaPress Release: PT Delta Dunia Makmur Tbk. is pleased to announce that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), signed an amendment to its existing loan facility from The Bank of Tokyo Mitsubishi UFJ, Ltd. (“BTMU”).

The amended agreement has total facility of USD150 million, an increase of USD50 million from the original facility that was signed in February 2017.  The amended facility maintains its interest rate of LIBOR + 3% p.a. (“Amended BTMU Facilities”).

BUMA’s recent contracts signing with PT Tanah Bumbu Resources, PT Angsana Jaya Energi and PT Insani Baraperkasa have increased its order book from USD5.0 billion to a total of USD6.0 billion. Given the favourable coal market condition, BUMA is also in discussion with both existing and potential new customers regarding more new contracts. The Amended BTMU Facilities complements BUMA’s liquidity to support its growth.

Despite the additional facilities, DOID is expected to maintain a healthy net debt to EBITDA ratio of less than 2.0x, giving significant room in its balance sheet to support further growth.

The Amended BTMU Facilities reflects continued confidence by BUMA’s long-time creditor, BTMU, and is expected to further strengthen the relationship with a business partner that has been mutually supportive over the years.


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Friday, 09 February 18
COAL BUYERS SPOOKED BY INDONESIA'S NEW SHIPPING RULES - ASSOC
Buyers of Indonesian coal are holding back orders of the fuel after the government issued new shipping rules for coal and crude palm oil that would ...


Thursday, 08 February 18
ENHANCED PRODUCTION BY COAL INDIA LIMITED HELPS DECLINE IN COAL IMPORTS - UNION MINISTER OF RAILWAYS AND COAL
According to press release from PIB, as per the current import policy, coal is kept under Open General License (OGL) and consumers are free to impo ...


Thursday, 08 February 18
A NEW WEEK WITH A SOFT SENTIMENT AND DECREASING RATES IN BOTH HEMISPHERE FOR THE PANAMAXES, SAYS FEARNLEYS
Supramax USG dropping remarkably due to lack of fresh enquiry both for fhaul and bhaul, Supras were fixed from USG to Spore-Japan range now aroun ...


Wednesday, 07 February 18
INDONESIAN COAL PRICE REFERENCE RISES TO HIT THIRTEEN-MONTH HIGH OF $100.69 A TON
COALspot.com: The Indonesian Coal Price Reference (HBA) rose 5.39 per cent in February 2018, the latest ministerial decree showed. The benchma ...


Wednesday, 07 February 18
SHIPPING MARKET INSIGHT - KATERINA RESTIS
Crude oil supply has been reported to have grown by approx. 2.5% reaching 40.1m bpd in 2017. However, tanker charter rates have been under pressure ...


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