JAKARTA - On 26 December, PT Pelayaran Straits Perdana, a subsidiary of PT Indo Straits Tbk (PTIS), succeeded in obtaining a contract extension of transshipment service from a coal company in South Sumatra.
Based on information disclosure on the IDX, the term of the contract will expire in December 2020 with a contract value of US$ 7.2 million.
This contract extension is believed to provide promising confidence to the the company's sustainability in the future. The contract is also expected to improve the company's overall financial performance. (LM)