Indonesia’s state oil company Pertamina’s new unit, Pertamina International Shipping (PIS), is looking to spend US$4 billion in the next seven years to refurbish its fleet of vessels and upgrade terminals, a top official said on Friday. The new unit plans to replace 23 vessels and expand its fleet, to ensure compliance with the latest …
The post Indonesia’s Pertamina shipping unit to spend US$4 billion on upgrades first appeared on Hellenic Shipping News Worldwide.