Hanjin wins RI order

Hanjin wins RI order

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.