ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
Dec 06, 2022 13:00 JST
Source:
PT Wintermar Offshore Marine Tbk
Wintermar Offshore (WINS:JK) Fully Repays USD 45 Million Loan to IFC
JAKARTA, Dec 06, 2022 - (ACN Newswire) - On 5th December 2022, Wintermar Group (WINS) fully repaid the US$45 million loan facility by IFC signed in December 2011. The IFC loan enabled Wintermar to transform the fleet into higher valued vessels through the purchase of 8 OSVs. Although the loan maturity had been extended to 2025, through better cash management the Company has been able to fully repay the loan early on December 2022.
Sugiman Layanto, Managing Director of WINS said, "Wintermar values IFC as a partner that has played an important role in the growth of Wintermar. Our relationship with IFC facilitated the Company's growth to become a recognised international shipowner and operator in the Offshore industry. With IFC's support, Wintermar has continued to develop and reaffirm its best practices in Environmental, Social as well as Corporate Governance standards. We are thankful that we have been able to complete this early repayment of the loan ahead of the repayment schedule. We look forward to continuing our relationship."
Azam Khan, IFC Country Manager for Indonesia and Timor-Leste said, "We are very pleased with IFC's long term partnership with Wintermar. It demonstrates IFC's commitment and continuous support to local clients even during challenging times. We look forward to continuing this relationship and supporting the company's new initiatives such as offshore wind and other renewable energy endeavors."
Wintermar has in recent months embarked on a fleet expansion program, with total acquisition of 2 PSVs in 2021 and 1 PSV and 5 AHTS in 2022 through internally generated cash and term loans of US$14 million. Net gearing after this repayment is still low at 8.9%, providing room for further growth in the coming years.
About Wintermar Offshore Marine Group
Wintermar Offshore Marine Group (WINS.JK), developed over nearly 50 years with a track record of quality that is both a source of pride and responsibility that we are dedicated to upholding, and sails a fleet of more than 48 Offshore Support Vessels ready for long term as well as spot charters. All vessels are operated by experienced Indonesian crew, tracked by satellite systems and monitored in real-time by shore-based Vessel Teams.
Wintermar is the first shipping company in Indonesia to be certified with an Integrated Management System by Lloyd's Register Quality Assurance, and is currently certified with ISO 9001:2015 (Quality), ISO14001:2015 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety). For more information, please visit www.wintermar.com.
For further information, please contact:
Ms. Pek Swan Layanto, CFA
Investor Relations
PT Wintermar Offshore Marine Tbk
Tel (62-21) 530 5201 Ext 401
Email:
investor_relations@wintermar.com
Source: PT Wintermar Offshore Marine Tbk
Sectors: Marine & Offshore, Oil & Gas
Copyright ©2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Release
Prideone Entertainment Announces New Post-War Film to Commemorate the 80th Anniversary of World War II's End
Apr 03, 2025 07:00 JST
"GTF Advantage" Engine Achieved FAA Type Certification
Apr 02, 2025 17:41 JST
Hitachi's New Corporate Vision: Changing the World and Future with the Power of Knowledge
Apr 01, 2025 18:46 JST
Hitachi: Strengthening Our Analytical Business to Solve Social Issues with Our Core Technologies
Apr 01, 2025 18:38 JST
Hitachi: Completion of New Production Facility for Semiconductor Manufacturing Equipment in Kasado Area
Apr 01, 2025 17:52 JST
NEC has developed technologies that enable a secure workflow for personalized cancer vaccines and has proven their capabilities
Apr 01, 2025 16:15 JST
Mitsubishi Motors Launches Miland Virtual Car Lifestyle App Service
Apr 01, 2025 14:59 JST
Mitsubishi Corporation: Development of R&D Hub "iPark Kobe" in Kobe Medical Industry City
Apr 01, 2025 14:16 JST
Eisai to Divest Rights for Pariet in China to Peak Pharma
Apr 01, 2025 13:15 JST
Everbright Grand China Assets Recorded Revenue of RMB 45.9 Million in 2024
Apr 01, 2025 12:25 JST
MHIEC Receives Order for Full Refurbishment of Waste Incineration Plant in Itoman City, Okinawa Prefecture
Apr 01, 2025 11:45 JST
MHI Concludes "Mizuho Eco Finance" Commitment Line Agreement
Apr 01, 2025 10:51 JST
MHI Concludes Nissay Positive Impact Finance Agreement
Apr 01, 2025 09:54 JST
Gome Retail Continues to Focus on Its Main Business and Actively Resolve Debt
Apr 01, 2025 02:36 JST
Cryofocus Medtech: Steady Increase in Revenue and Gross Profit with Solid R&D Expenditures in 2024
Apr 01, 2025 01:42 JST
Five NTT Group Companies and Biome Inc. Start Joint Development of Large-scale Estimation Technology for Vegetation and Organisms using Satellite Image Data
Mar 31, 2025 15:43 JST
TANAKA Memorial Foundation Announces Recipients of Precious Metals Research Grants
Mar 31, 2025 11:00 JST
Fujitsu and Macquarie University partner to help address critical shortage of machine learning engineers
Mar 31, 2025 09:28 JST
ForexIGO by Avenix Fzco Enhances Automated Trading with Dual-Asset Precision
Mar 29, 2025 22:30 JST
Hua Medicine Announces 2024 Annual Results
Mar 28, 2025 22:51 JST
More Latest Release >>
Related Release
Wintermar Reports Results For The Full Year Ended 31 December 2024
March 25 2025 13:00 JST
Wintermar Offshore (WINS:JK) Reports 9M2024 Results
October 29 2024 17:40 JST
Wintermar Offshore (WINS:JK) Reports 1H2024 Results
July 29 2024 13:00 JST
Wintermar Offshore (WINS:JK) Public Expose 2024
June 21 2024 14:00 JST
Wintermar Offshore (WINS:JK) Reports 1Q2024 Results
April 30 2024 16:48 JST
Wintermar Offshore (WINS:JK) Reports FY2023 Results
March 29 2024 10:15 JST
Wintermar Offshore (WINS:JK) Invests in Bruneian Company for Offshore Supply Vessel Operations
February 02 2024 14:00 JST
Wintermar Offshore (WINS:JK) Reports 9M2023 Results
October 30 2023 11:00 JST
Wintermar Offshore (WINS:JK) Reports 1H2023 Results
July 31 2023 17:00 JST
Wintermar Offshore (WINS:JK) Public Expose 2023
June 16 2023 15:45 JST
More Press release >>