SPA-TSM established

SPA-TSM established

JAKARTA (JP): Thome Ship Management Pte. Ltd. of Singapore and PT Samudra Petrindo Asia announced on Saturday that they have jointly established SPA-TSM, a shipping management company based in Jakarta.

According to a statement, the new company, which started operating on Jan. 1, will be managed as a division within Samudra Petrindo -- a wholly-owned subsidiary of PT Bimantara Citra.

The joint venture company will increase the number of its ships from six at present to 15 by the end of this year.

A spokesman for Samudra Petrindo, R.T. Watson, said Thome Ship Management would contribute its expertise in vessel management, while Samudra Petrindo would provide crew management.

The crew department of Samudra Petrindo presently handles more than 1,000 Indonesian officers and ratings in worldwide trade. (pwn)