Mainboard-listed Marco Polo Marine, the integrated marine logistic group, says it has secured a new ship-building contract to construct two towing tugs and two deck cargo barges for PT. Pelayaran Nasional Bina Buana Raya (BBR) for $4.6 million.
Construction of the two towing tugs and two deck cargo barges is expected to begin in September at the group’s shipyard in Batam.
The vessels are scheduled for delivery to BBR in June 2012.
Upon completion and delivery, these Indonesian flagged vessels will be deployed by BBR to ferry various commodities within Indonesia for its customers.
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