Logindo Samudramakmur adding ships

Jakarta: Eddy Logam, president director of Indonesian OSV operator Logindo Samudramakmur, told local media yesterday that the company expects to have five new clients this year. So far, Total E&P Indonesie, the local outfit of the French oil and gas giant, contributes 82 percent of Logindo’s contract revenue. Its second-biggest client is state-owned Pertamina Hulu Energi.

He said Logindo has signed a contract with a new client — Premium Oil, a US oil and gas company — to provide a 12,000hpvessel on its exploration in Indonesia early this year.

Last year, the company added two new vessels and in February, it purchased a new vessel with 8,000 hp for $17m and is close to sealing another ship acquisition.  [17/04/14]

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