SINGAPORE ??(Indonesia Today.Com) – Federal International (FI/2000) Ltd through its subsidiaries reported that a consortium which comprises, amongst other parties, PT Eastern Jason, has secured a charter contract to supply a Floating Storage Offloading (FSO) vessel ??for a period of 5 years and renewable for a further period of 5 years, pursuant to a tender exercise.
PT Eastern Jason is a company incorporated under the laws of the Republic of Indonesia in May 2012 and is in the business of providing marine transportation services. It is a joint venture company between Eastern Jason Fabrication Services Pte Ltd (EJFS) (a subsidiary of the company) and PT Pratama Unggul Lestari (PTPUL).
Its issued and paid up capital is 70% owned by PTPUL with the remaining 30% owned by EJFS. ??The Charter Contract is not expected to have a material impact on the earnings per share and the net tangible assets per share of the Group for the financial year ending 31 December 2012. (ferdi@theindonesiatoday.com)