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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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