SINGAPORE (Yosefardi) – Rotary Engineering Limited, ROIL PTE. LTD., a wholly-owned subsidiary of the Company, has incorporated an associated company in Batam, Indonesia called PT. Marino Logistics.
Marino has an issued and paid up capital of US$1,000,000. ROIL has subscribed 49% of the shares amounting to US$490,000.
The principal activities of Marino are that of ship owning and provision of marine transportation services. The investment is funded from internal sources