Federal secures FSO charter contract
Thursday, September 20 2012 - 03:10 PM WIB
Singapore-listed firm Federal International (2000) Ltd announced on Thursday that a consortium, where its unit PT Eastern Jason is a member, has secured a charter contract to supply a Floating Storage Offloading (FSO) vessel in Indonesia for a period of 5 years and renewable for a further period of 5 years, pursuant to a tender exercise.
The company did not disclose the name of the charterer.
Eastern Jason is a company incorporated under the laws of the Republic of Indonesia in May 2012 and is in the business of providing marine transportation services. It is a JV between Federal?s subsidiary Eastern Jason Fabrication Services Pte Ltd (30 percent) and PT Pratama Unggul Lestari (70 percent).