Marco Polo secures $4m coal shipment contract
Monday, September 6 2010 - 02:24 PM WIB
Singapore Exchange-listed integrated marine logistics firm Marco Polo Marine Ltd. Announced Monday that it has secured a 1-year coal shipment contract worth about S$4 million.
Under the contract, the company will provide the coal shipment service from Kalimantan to other regions within Indonesia.
In compliance with the Indonesian cabotage rules, the company will deploy its fleet of Indonesian-flagged vessels to transport the coal in Indonesian waters.
Over the last 7 months, the Group has successfully secured several contracts for the shipment of coal within Indonesia and for export to the South East Asian region.
With this latest addition, the aggregate value of recently secured coal shipment contracts totalled approximately S$66 million, it said. (alex)