The geographical resources of Miner Geo of Indonesia must purchase 51% stakes in two local shipping companies: Trans Maritim Pratama (TMP) and Bahari Segara Maritim (BSM), which combined 27 tugboats and 27 barges, which will be used to ship coal.
The total cost for the two acquisitions amounts to $127.5 million, and is in accordance with the approval of the shareholders. The financing for the acquisition will come from the company’s own resources, as well as from the issuance of new shares.
Geo Energy, which is listed in Singapore, owns four mining concessions through its subsidiaries in Kalimantan, as well as in South Sumatra. The group also owns a 49% equity stake in the prima coal international in Kalimantan.
Starting with the Informa group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine, as well as East Asia editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued an independent career and wrote for a variety of titles including taking on the role of Asia editor for Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and the International Herald Tribune.
August 28, 2025
August 28, 2025
August 28, 2025
August 28, 2025
August 28, 2025
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