• BIST 108.594
  • Altın 144,463
  • Dolar 3,4942
  • Euro 4,1102
  • İstanbul 21 °C
  • Ankara 20 °C

KIC Oil and Gas to set up

KIC Oil and Gas to set up
Malaysian oil terminal operator KIC Oil and Gas is planning to set up a shipping trust to acquire 22 vessels over the next three years.

KIC Oil and Gas to set up $200m shipping trust

Malaysian oil terminal operator KIC Oil and Gas is planning to set up a shipping trust to acquire 22 vessels over the next three years. KIC has signed a memorandum of agreement with Thailand"s Nathalin Group in collaboration with PTT Public Co to set up a consortium.

Abdul Rashid Isa, chairman and ceo said the aim of the consortium would be to set up a shipping trust. ?KIC and Nathalin with the support from PTT will establish a shipping trust for the acquisition of the 22 vessels to render door-to-door services [in terms of logistics and transportation] supporting the operations of the oil terminals,? he said.

The trust would invest $200m over a three year period. ?In the immediate term [prior to the establishment of the trust], we will first inject our own vessels and time-charter a number of vessels to support the current demand from the customers of the oil terminals,? he added. Nathalin, is Thai private shipowner, engaged mainly in the coastal tanker trades.

www.turkishmaritime.com.tr

This news is a total 6326 time has been read
  • Comments 0
    UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
    Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
    Bu habere henüz yorum eklenmemiştir.
Other News
All Rights Reserved © 2006 TURKISH MARITIME | İzinsiz ve kaynak gösterilmeden yayınlanamaz.
Phone : 0090 212 293 75 48 | Fax : 0090 212 293 75 49 |