Indo Straits bags transshipment contract from Arutmin

Integrated sea engineering and logistic firm PT.Indo Straits Tbk (PTIS) has accepted a letter of intent (LOI) from South Kalimantan coal miner PT. Arutmin Indonesia to hire PTIS? floating crane, for transshipping with a minimum quantity of 2.4 million tonnes of coal over an initial period of 6 months, commencing tentatively in September 2011, at Arutmin?s mine production area in Satui - South Kalimantan.

The deal also allows for option for another 6 month contract extension following the end of the initial 6 months period, the company said.

?This is an excellent milestone for PT Indo Straits Tbk given that PT. Arutmin Indonesia has been a long-standing esteemed client for our marine engineering division. With this additional prospective project on the marine logistic support services, we are confident that our existing mutually cordial working relationship will be enhanced further in the future. Given that PT Indo Straits Tbk with over 26 years of working experience and a reputable company in Indonesia that provides integrated marine and logistic support services to the resources industry, we are therefore well positioned to deliver the best possible integrated marine and logistic support service to PT Arutmin Indonesia and to all of our esteemed clients,? the company said. (romel)