Pertamina to charter tanker from PT Humpuss

Pertamina to charter tanker from PT Humpuss

JAKARTA (JP): The state oil company Pertamina has agreed to
lease an oil tanker from PT Humpuss Intermoda Transportasi (HIT).

Under the 10-year charter contract signed yesterday, Pertamina
will use the 3,500-dead weight ton (dwt) Mt. Nawa Samudra tanker
with Panamanian flag to carry its oil product, Humpuss said.

The tanker is owned by Panama-based First Topaz Incorporation,
a subsidiary of Singapore's Humpuss Sea Transport Pte. Ltd., it
said.

Humpuss Sea Transport oversees HIT's other subsidiaries in
Panama and Liberia which operate HIT's foreign-flagged vessels.

Mt. Nawa Samudra, with a capacity of 2,667 tons, is the ninth
ship in HIT'S fleet. It was built in the shipyard of South
Korea's Banguhjin Shipbuilding and Engineering Co., Ltd.

It will be delivered to Pertamina after it leaves the
shipyard in Ulsan, South Korea and will be officially handed over
to Pertamina on Dec. 1.

With the operation of Mt. Nawa, HIT will own, manage and
operate 13 vessels.

HIT is a subsidiary of the Humpuss Group, owned by President
Soeharto's youngest son Hutomo Mandala Putra. The company plans
to float some of its shares on the Jakarta Stock Exchange this
year. (das)