• Indonesian State Transport Firm Plans B Fleet Modernization
    Business plans

    Indonesian State Transport Firm Plans $3B Fleet Modernization

    Pertamina operates two newly constructed VLCCs however the fleet has a mean age of 20 years (Pertamina) Printed Nov 22, 2022 3:33 PM by The Maritime Government The transport division of Indonesia‚Äôs state-owned power firm Pertamina is planning an accelerated funding program designed to modernize its fleet and broaden its capabilities. Detailing its future enterprise technique to reporters, Pertamina Worldwide Transport doubled its projected investments to $3 billion over the following 5 years as its strikes to additionally broaden its enterprise into new types of power and to arrange for the transition within the transport business to inexperienced power. Pertamina Worldwide Transport (PIS) right now stories it owns…