Humpuss lines up LNG buy

Jakarta: The head of Indonesian line Humpuss Intermoda Transportasi has said his company is close to buying a majority stake in an unspecified foreign LNG shipowner. The acquisition could cost up to $100m, Humpuss’s president director Theo Lekatompessy said. The deal is expected to be completed b year-end, he added. While not identifying the target by name, the Humpuss said the LNG firm had been operating in Indonesia for some time.

Humpuss has also set aside $115m to buy six ships before the end of the year. The purchases will be two tankers, two cement carriers, a chemical tanker and an offshore accommodation vessel.

Humpuss is controlled by businessman Hutomo “Tommy” Mandala Putra, the youngest son of former president Suharto.  [12/08/14]

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