Indo Straits to increase volume of coal transportation
Thursday, May 30 2013 - 02:14 AM WIB
IDX-listed integrated marine and logistic service provider PT. Indo Straits Tbk is eying to ramp up volume of coal transportation to 9.5 million tons this year, a sharp increase from last year's figure of 6 million tons.
"We will continue seeking for new potential clients to meet the target," President Commissioner Richard Ong told Petromindo.com.
Indo Straits, a wholly-owned subsidiary of Singapore-incorporated Straits Corporation Pte Ltd, also targeted to increase revenue to US$50 million this year compared with $44.9 million in 2012.
"The targeted revenue will come from all business units of Indo Straits from shipping and logistic services in oil and gas and coal mining industries," he said.
Editing by Adianto P. Simamora