Berlian Laju Signs Deal to Open Up Indonesian Market

10 December 2009 (Last Updated December 10th, 2009 18:30)

Berlian Laju Tanker (BLT) has entered into a joint venture with Singapore-based Miclyn Express Offshore in order to capture a share of the Indonesian offshore support vessel market. BLT will have a 50% stake in the proposed joint venture, BLT Miclyn Offshore. The company plans

Berlian Laju Tanker (BLT) has entered into a joint venture with Singapore-based Miclyn Express Offshore in order to capture a share of the Indonesian offshore support vessel market.

BLT will have a 50% stake in the proposed joint venture, BLT Miclyn Offshore.

The company plans to broaden its customer base and gain more of a share in the Indonesian market, worth an estimated $250m.

The initiative comes after BLT’s proposed takeover of Norway’s Camillo Eitzen.