Dec 23, 2011

Trada Maritime seals US$200 mio contract

PT Trada Maritime Tbk (TRAM) has sealed US$200 million contract of liquified natural gas (LNG) cargo vessel. 
Finance Director Adrian E. Sjamsul said the contract was awarded by PT Nusantara Regas with 11 years contract.
"We are trusted to transport LNG cargo from terminal Bontang to floating terminal Regas in Jakarta," he said as quoted by Bisnis Indonesia today.
To transport the LNG, the company has established a joint venture company with Japanese Mitsui OSK Lines. Trada Maritime controls 51% stake in the joint venture company.

Disclosure: No position at the stock mentioned above.

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