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Wednesday, 14 September 11
INDO STRAITS BAGS 2.4 MILLION TON COAL TRANSPORTATION CONTRACT FROM ARUTMIN
COALspot.com - PT Indo Straits Tbk (PTIS) bagged a contract to tranship about 2.40 million tons of coal over an initial period of 6 months from PT. Arutmin Indonesia.
According to an official statement submitted to Indonesia Stock Exchange today, the contract, which will tentatively commence in September 2011. The letter of intent from Arutmin has been received by the company on 9 September 2011.
"The agreement also allows for an another 6 month contract extension (option) once the initial 6 months period ended", said President Director of Indo Straits Hui Mun Leong
“This is an excellent milestone for Indo Straits given that Arutmin Indonesia has been a long-standing esteemed client for our marine engineering division. With this additional prospective project on the marine logistic support services, we are confident that our existing mutually cordial working relationship will be enhanced further in the future,” president director added via a press release today.
PT Indo Straits Tbk. (“PTIS”) is one of the most recognised marine engineering companies in Indonesia servicing customers predominantly in the oil & gas and coal mining industries.
To contact the reporter (free-lance) responsible on this story: Efendi at efendi@coalspot.com
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Thursday, 08 September 11
PETROSEA ADDS US$730 MIO CONTRACT
Coal mining contractor PT Petrosea Tbk (PTRO), a majority owned subsidiary of energy integrated company PT Indika Energy Tbk (INDY), has secured a U ...
Wednesday, 07 September 11
ANOTHER EXCEPTIONALLY STRONG WEEK FOR THE CAPESIZE MARKET - BRS
The very strong rise in Cape rates pushed through an overall improvement in the BDI this week, although relatively little benefit from the Capes has ...
Wednesday, 07 September 11
INDIA HIT BY INDONESIAS COAL PRICE - TEMPO INTERACTIVE
TEMPO Interactive, an Indonesian online news portal reported that, The Indian government has complained about the price increase of Indonesian coal, ...
Wednesday, 07 September 11
SAMPUR POWER AGREEMENT SIGNED - DAILY NEWS
Daily News, Sri Lank's national news paper reported that, the agreement for the setting up of a 500 MW coal-fired power plant at Sampur, Trincomale ...
Tuesday, 06 September 11
INDONESIAS PROPOSED COAL EXPORT BAN MAY HAVE IMPACT ON THE INDIAN POWER SECTOR - DIPESH DIPU
COALspot.com - This is a special interview about Indonesian proposed coal export ban by 2014, with Mr. Dipesh Dipu, Director of Deloitte Touche Tohm ...
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