Marine Link
Thursday, September 29, 2016

Sembawang Kimtrans Close To Securing Contract

April 10, 2000

Singapore's Sembawang Kimtrans is close to securing a $110 million five-year logistics contract, which will boost its annual turnover by more than 50 percent, managing director Peter Tan said, adding that the potential deal with Australian mining giant Broken Hill Pty Co. Ltd. (BHP) would boost Kimtrans' bottom line by an initial 10 to 15 percent because of heavy start-up investments, and the boost would be more significant further down the line.

In 1999, Kimtrans, which listed on the Singapore Exchange (S68.SI) in February, saw net profit surge 177 percent to S$4.01 million on a turnover of S$44.66 million.

Kimtrans had been in talks with BHP for the last six months on the deal to provide logistics services to BHP's three coalmines in Indonesia, Tan said.



Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News