JAKARTA (Yosefardi) – PT Indo Straits Tbk (PTIS), through its subsidiary PT Pelayaran Straits Perdana, has received a letter of intent (LoI) for providing transhipment services to support the operation of a leading company specializing in transport and logistic services for energy related products.

The project is located at East Kalimantan and scheduled for commences from October 1, 2015, providing coal transhipment services to the company’s client from the barge to the mother vessels using the group’s floating crane.

The project contractual completion schedule is set forth for 3 years and 8 months with total value of US$16.5 million approximately.