Hanjin wins RI order

Sat, 22 Jun 1996 | Source: REUTERS

SEOUL (Reuter): South Korea's Hanjin Shipping Co, a unit of the Hanjin Group HANJ.CN, said yesterday it has won a US$100 million contract from Indonesian state oil firm Pertamina to transport Indonesian-produced crude oil from 1998.

A Hanjin Shipping spokesman said it would soon order two 17,500-deadweight-ton crude carriers from its sister firm, Hanjin Heavy Industries Co.

The carriers will transport crude oil mainly within Indonesian waters over 12 years from 1998, he said. Hanjin and Pertamina plan to formally sign the contract in the near future, he added.

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