Shipping company PT Transcoal Pacific Tbk (TCPI) signed an agreement with one of the largest coal mining companies in East Kalimantan (Kaltim) with an estimated contract value of IDR 15 billion on March 4, 2024.

Transcoal Pacific Director Bintang Septo Drestanto said the agreement covers the provision of labor, materials, equipment, supplies, and technical support for the provision of floating barges for temporary storage of fuel oil (BBM) at LTT Bengalon Port.  

"The contract period is three years with an estimated contract value of IDR 15 billion," said Bintang in an information disclosure on Wednesday (6/3).

Bintang said the signing of the agreement to provide floating barge services will have an impact on TCPI's operational activities, legal, financial condition, and business continuity.

"It has a positive impact on the company's operational activities because the company has the trust of customers to provide floating barge services for temporary storage of fuel at the customer's Bengalon LTT Port," he added.

As for fulfilling this agreement, the company is obliged to provide floating barges for temporary storage of fuel at the Bengaon location or Lubuk Tutung special terminal, including equipment, labor, spare parts, and consumables following the provisions stipulated in the contract.

"Business continuity is well maintained and guaranteed," he added.

Image source: KONTAN / Doc. TCPI
Source: https://industri.kontan.co.id/news/transcoal-pacific-tcpi-raih-kontrak-jasa-tongkang-rp-15-miliar