Jakarta – PT Trada Maritime Tbk (TRAM) has signed a memorandum of understanding and coal transshipment contract with PT Gunung Bara Utama on January 11, 2013. The 10-year contract is worth USD 750 million.
Trada Maritime President Director Danny De Mita as quoted by Investor Daily said, the memorandum of understanding was an initial basis for the company to buy and operate 40 barges and tugs, with an investment of up to USD 200 million.
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