Trans Power Marine purchases eight barges, one tug boat
Tuesday, April 30 2013 - 03:03 AM WIB
IDX-listed Trans Power Marine Tbk reported that it has signed two deals with Sea Partner Holdings for the purchase of eight barges with combined total worth of US$18.4 million.
The first deal was signed on April 2 for the purchase of 4 barges, and the second was signed on April 8, the company said in a report published Monday.
The company added that on April 3, it signed an agreement with Trans-Log Supply Pte. Ltd. for the purchase of a tug boat worth $900,000.
According to the company?s website, Trans Power currently operates 21 tug boats and 25 barges.
Trans Power Marine (TPM) is a fast growing shipping company that provides cost effective and reliable logistic solutions to our clients. We pride ourselves in delivering expert and tailored solutions for the bulk cargo transportation and handling, particularly for the coal and biomass sector in Indonesia and South East Asia, it said
Editing by Reiner Simanjuntak