PT Pelita Samudera Shipping Tbk Secured New Coal Transport Services Contract with 2 Million Metric Tons Volume per Year at US$18 million

JAKARTA, 3 JANUARY 2018

 

PT Pelita Samudera Shipping Tbk (“The Company”, IDX code: PSSI) has again secured a new contract for coal transportation services with a minimum volume of 2 million metric tons per year with a total contract worth approximately US$18 million from PT Jembayan Muarabara (JMB) a coal mining company operating in East Kalimantan, one of Sakari Resources Group’s companies. The contract is signed by the President Director of PSSI, Iriawan Ibarat and the President Director of JMB, Sudasi Harsono in Jakarta.

Based on the contract, JMB will load coal on PSSI barges in the loading terminal at Separi Mahakam, Tenggarong Seberang and Kutai Kartanegara district in East Kalimantan. The period of a three-year contract which will expire in 2020. The Company is optimistic that the minimum volume guarantee of 2 million metric tons per year will be achieved in accordance with the agreed contract.

JBM as one of PSSI trusted customers since 2007; with this new contract proves the high confidence of coal business players to PSSI performance in the logistics industry. In addition to barging services, JMB is also a customer for coal transfer in Floating Loading Facility service.

 

About PT Pelita Samudera Shipping Tbk.

Indonesia’s leading sea freight service company over the past 10 years for coal hauling and transportation that provides integrated tugs and barges, Floating Loading Facility and floating cranes services which provide value added to the consumers. The Company is a pioneer in Floating Loading Facilities operator whereby all operations are supported by ISO Management System 9001: 2015, Total Quality Management, ISO 14001: 2015 Environmental Management System and OHSAS 18001: 2007 Occupational Health and Safety.

For further information please contact:

Imelda Agustina Kiagoes

Corporate Secretary

PT Pelita Samudera Shipping Tbk

Telp.    : 0811 9337 187

Fax.     : (62-21) 2930 8802

E-mail  : imeldakiagoes@ptpss.co.id