Habco Trans Maritima lands $27.4M BCA credit line for fleet growth
What's the deal? Indonesian shipping company PT Habco Trans MaritimaDealroom has a profile for this one. Try Dealroom → (IDX: HATM) has signed a credit facility of up to US$32.6M with Bank Central Asia (BCA)Dealroom has a profile for this one. Try Dealroom →. The agreement, signed October 27, 2026, funds the purchase of bulk carrier vessels, with three such ships pledged as collateral.
What's the endgame? The facility supports Habco's push to expand its fleet for domestic sea freight. The credit is an investment line with a one-year drawdown window and a maximum five-year term from first drawdown for each purchase or refinancing.
Why now? It follows a US$20.8M private placement in September 2026, whose proceeds were earmarked for vessel investment and bank-loan repayment. Habco has also reported a 2.1 million-ton coal transport contract running April to December 2026.
What could go wrong? The facility is uncommitted, meaning the funds are not guaranteed, and drawdowns would add leverage. The credit line equals 30.54% of Habco's total equity as of June 30, 2026. If fully drawn, liabilities would rise to US$51.3M from US$18.7M, lifting the debt-to-equity ratio to 0.48x from 0.18x.
Habco said the agreement has no impact on its operations, legal standing, or business continuity.
The signal: The facility gives Habco another route to finance growth as Indonesian carriers invest in fleets and logistics infrastructure. But its uncommitted nature means it is debt capacity, not committed capital — a measured bet on expanding capacity while managing financing needs.
Read more: stockwatch.id
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