[ad_1]
Indonesia’s Pertamina Worldwide Transport (PIS) has set its sights on going public subsequent yr to generate funds for its bold fleet growth.
The delivery arm of the nation’s high power producer is finalising plans to drift about 10% of its shares on the Indonesia Inventory Alternate in 2025, based on native media.
PIS has been increasing its fleet over the past 4 years and an IPO is being explored as one of many potential choices to again the corporate’s plan to have round 130 tankers by 2025.
The corporate not too long ago booked 15 MR product tankers for building in South Korea in a deal estimated to be value almost $720m. PIS additionally plans to spice up its fleet of very massive gasoline carriers (VLCGs) by six ships this yr, two of which have been delivered by Hyundai Mipo Dockyard earlier this yr.
[ad_2]
Source link
