Jakarta, 13th Mei 2014
PT Logindo Samudramakmur Tbk (“Company”), a listed Indonesian Corporation engaged in the provision of off-shore support vessels (“OSV”) for the oil & gas industry, adds to its fleet by acquiring another new unit of 8,000 bhp AHTS with DP2 capability. President Director of the Company, Eddy K. Logam explains “ we are especially proud to be able to support the Indonesian ship-building industry with the purchase of locally built vessel from PT Marcopolo Shipyard in Batam. With this latest addition, our fleet of OSV vessels has become 61 units.”
70% funding of the purchase of AHTS vessel costing around US$ 22.5 million, has been secured by financing from DBS Bank Singapore through a long term 5 year USD bank loan. While the balance 30% is funded from internal company capital. The vessel, to be renamed Logindo Stamina, will be officially introduced on Friday 16th May 2014 in Batam, before she commences her charter by Total E&P the following week to support exploration activity in Mentawai island, Bengkulu province.
Meanwhile, the Company’s Chief Financial Officer (CFO) , Sundap Carulli, states “Company’s revenue for quarter 1, 2014 achieved USD 18.2 million or 50% compared to similar period in 2013. And net profit amounted USD 5.7 million or an increase by 62% from 2103. We are delighted to note that our margins are up on average 3% than similar period last year. With this trend and current addition of new vessels this year, we are confident that our financial projection for 2014 will be achieved in line with our long term business plan.”
About PT Logindo Samudramakmur Tbk.
Since the Company formation in 1995, PT Logindo Samudramakmur Tbk has a vision to lead the revival of maritime industry by providing the best solution with integrity. Throughout its journey, type and size of the Company’s fleet grew significantly. Today, PT Logindo Samudramakmur Tbk owns and operates a diverse fleet of 60 vessels such as : Anchor Handling Tug and Supply Vessel, Platform Supply Vessel, Azimuth Stern Drive Tug, Diving Support Vessel, Accommodation Work Barge, Landing Craft Transport, and so on, which will be continuously rejuvenated in a sustainable manner. The Company officially listed its shares on the Indonesia Stock Exhange on 11 Desember 2013.
For more information, please contact
PT Logindo Samudramakmur Tbk.
Graha Corner Stone
Jl. Rajawali Selatan II No. 1
Jakarta Pusat – 10720
Phone : +62 21 6471 3088
Fax : +62 21 6471 3220
Attention : Corporate Secretary / Investor Relation
Email : email@example.com
Website : www.logindo.com
Komp. Balikpapan Baru Blok G1 No. 7
Balikpapan, Kalimantan Timur –
Phone : +62 542 872 090
Fax : +62 542 876 963