Aug 9, 2011

Wintermar gets US$11.3 mio contracts

PT Wintermar Offshore Marine Tbk (WINS) has secured two new contracts this month, enabling the company to boost its revenue.
Wintermar's subsidiary namely PT Wintermar has sealed a US$11.3 million contracts from PT Pertamina Hulu Energy West Madura Offshore.
Under the contract conditions, as announced in an official statement filed to Indonesia Stock Exchange last night, Wintermar will provide a multipurpose supply vessel.
At end of June this year, WINS has obtained US$122 million contracts, outstripping the company's target of US$93.6 million from 42 contracts.
Wintermar currently has a fleet of over 60 vessels ready to handle a large variety of marine support services required in the upstream oil and gas exploration and production activities. 
Wintermar last month secured a letter of intent  from PT  Kaltim Prima Coal (KPC) to provide three units highly maneuverable azimuth stern drive tug for a period of 5 years to assist the berthing and unberthing of large bulk carriers up to 220,000 dwt. 
The 5 year contract with an estimated value of US$18 million will commence on the last quarter this year. KPC is a world-class open-pit coal mine located in Sangata, East Kalimantan, Indonesia.

Disclosure: No position at the stock mentioned above.

Print This Article

No comments: