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Pertamina Worldwide Transport, Indonesia’s largest transport line, is lining up a $3bn fleet rejuvenation and enlargement over the approaching 5 years.
The subsidiary of the nation’s state power agency will even spend money on LNG tonnage for the primary time, senior executives revealed at a press briefing in Jakarta.
“We’ll make investments massive in changing vessels,” Wisnu Santoso, a director at PIS advised reporters on Tuesday. “We need to scale back the common age of our fleet throughout the subsequent 5 years to fifteen years from at the moment at round 20 years.”
PIS in October signed an preliminary settlement for strategic partnership with Japan’s Nippon Yusen Kaisha (NYK).
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