Jakarta: Today sees another Indonesian shipping line list in Jakarta. Capitol Nusantara becomes the fourth company to list in the Indonesian capital this year. The company is controlled by Singapore’s ASL Marine.
In total, the company is selling 208.36m shares, equivalent to 25% of the company. Proceeds from the IPO will go on buying an anchor handling tug supply vessel (AHTS).
Capitol has a fleet of 27 tug boats, five AHTSs, 26 barge vessels and two floating cranes. [16/01/14]