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Friday, June 15, 2007

Jiangsu Eastern wins US$61 mln Indonesian contract

Jakarta (ANTARA News/Asia Pulse) - Chinese shipbuilder Jiangsu Eastern Shipyard has been awarded a contract to build two oil tankers worth US$61.49 million by Indonesia's state-run oil firm Pertamina.

Jiangsu is expected to deliver the two tankers in July 2010, Pertamina President Ari Soemarno said after signing the contract with Jiangsu executives here.

The tankers will be used to transport kerosene for a period of 25 years, he said.

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