Tag: Shipping

A subsidiary of Freeport MacMoran and Indonesia’s mining holding company, PT Freeport Indonesia, has achieved 27 percent progress in developing its copper smelter in Gresik, East Java. The spokesman for PT Freeport Indonesia, Riza Pratama, indicated that the company is constructing and erecting the piles, with between 700 and 800 mounds erected from 1800 piles already in place. “We will […]

Capital expenditures of US$ 8 million will be devoted to acquiring additional fleets. The company will purchase five additional ships in 2022 that will be used for offshore oil and gas exploration. Layanto stated that the company is considering several vessels, including AHTS with 5,000 brake horsepower and Platform Supply vessels with dynamic positioning capabilities. “We do not purchase new […]