Sembawang wins S$43.26m contract

Sembawang wins S$43.26m contract

SINGAPORE: Sembawang Kimtrans Ltd., a Singapore mining logistics company, said on Tuesday it has won a three-year contract to supply and operate seven self-propelled barges for Thailand's Banpu PCL.

The contract, which comes with a two-year option, is valued at S$43.26 million (US$25.45 million), the Singapore company said in a statement. The barges will be used to transport coal in Kalimantan, Indonesia. -- Dow Jones