Marco Polo secures $15.5m coal shipment contract
Monday, August 23 2010 - 12:07 PM WIB
Singapore Exchange-listed shipping firm Marco Polo Marine Ltd announced Monday that its wholly-owned subsidiary, MP Shipping Co Pte Ltd, has secured a 2-year coal shipment contract worth about US$15.5 million.
The coal shipment contract is secured with an undisclosed Indonesia coal miner and will commence from September 2010, it said. Under the contract, the Group will undertake the shipment of coal from Sumatra in Indonesia to West Malaysia over a period of 2 years. (alex)