Transcoal Pacific secures contract worth US$ 955,414

Published on 06/03/2024 at 16:08 GMT+7
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Transport and logistics services provider PT Transcoal Pacific (TCPI) has secured a service contract for the provision of floating barges for temporary storage of fuel oil (BBM) at Bengalon LTT Port from one of the largest coal mining companies in East Kalimantan.

Bintang Septo Destranto, Director of TCPI, said in a statement on Wednesday, March 6, 2024 that the contract, signed by the related parties on March 4, 2024, has a three-year term. "The estimated contract value is US$ 955,414," Bintang said as quoted by stockwatch.id.

Based on the contract agreement, Bintang explained, TCPI is obliged to provide all labor, materials, equipment, supplies and technical support for the provision of floating barges for temporary storage of fuel oil at Bengalon LTT Port.

Bintang said the acquisition of the contract will have a positive impact on the company’s operational activities as it would mean the company gains trust from customers. In addition, the company will also receive payment for the floating barge provision services.

Transcoal Pacific is an issuer in the field of transport and logistics services for energy-related products. TCPI's business consists of 3 main lines, namely, coal transportation or transshipment coal (loading, underway, discharging/loading into vessel), long-haul coal (loading, underway, discharging at PLTU jetty), and oil transportation or oil barge (loading jetty, tug boat and oil barger, discharging).

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Bintang Septo Destranto
PT Transcoal Pacific (TCPI)

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