Logindo readies IPO, plans AHTS expansion

Jakarta: Offshore vessel opertator PT Logindo Samudramakmur (Logindo) has set aside $150m for fleet expansion in the coming 12 months.

The company plans to operate around six to eight new anchor handling tug supply (AHTS) vessels by the end of 2014, up from the current two. It also controls a diverse range of other offshore related vessels.

Logindo is also preparing for an IPO in Jakarta.  [11/10/13]

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