This year, PT Logindo Samudramakmur Tbk (LEAD) has allocated capital expenditure or capital expenditure (capex) of US$1.8 million. The company sourced the capex from its internal cash.

"The realization of the use of the company's capital expenditure until June 2021 has reached US $ 1 million to finance ship docking. This year, we focus on increasing the utilization of our fleet to the maximum level, so there is no desire to increase the fleet this year," said Logindo Samudramakmur CFO Adrianus Iskandar on Wednesday (21/7).

With this capital expenditure and business focus, according to Iskandar, his party expects revenues of US$25 million or almost the same as last year.

This income is also supported by implementing a strategy to obtain contracts for the company's large vessels.