Pertamina International Shipping (PIS), Indonesia-based oil firm Pertamina’s new unit, is reportedly planning an investment of $4bn to upgrade its fleet and terminals.
The company is expected to spend this amount across the next seven years, reported Reuters.
As part of the refurbishment project, the company is looking to replace nearly 23 vessels as well as add more ships to its fleet.
The news agency cited PIS business planning director Wisnu Medan Santoso as saying: “The new unit plans to...
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