Logindo obtains $150m contracts
Thursday, March 13 2014 - 01:50 AM WIB
IDX-listed shipping company PT Logindo Samudramakmur Tbk claims it has obtained contracts worth US$150 million to provide oil and gas support vessels, Bisnis Indonesia daily reported on Thursday.
Company Chief Financial Officer Sundap Carulli told the paper that the company aims to win contracts worth $200 million this year.
To help realize the target, the company has allocated US$80 million of working capital this year to help finance the acquisition of five vessels. In January, the company acquired one AHTS vessel with a capacity of 8,000 HP.
The new vessel expands the company?s offshore support vessels to 60 units. (*)