Seroja Investments Limited is a result of Reverse Take Over (RTO) of L & M
Group Investments Pte Ltd.
The Group are principally engaged in the provision of chartering services of
tugboats and barges to transport dry bulk freight, mainly thermal coal, sand
and other quarry materials. Its transport thermal coal from coal mines in
Kalimantan, Indonesia, to thermal power stations as well as cement companies
which operate their own thermal power plants in Java, Indonesia.
The Group generally enter into freight and time charters which range from a
period of one to five years. Depending on the prevailing market conditions and
the utilisation rates of the fleet, the Group may deploy available tugboats and
barges on the spot market under freight charters to take advantage of periods
of higher spot market pricing.
The Group's freight charters are typically involved domestic routes in
Indonesia from Kalimantan to various ports in Java and Sulawesi while their
time charters have generally involved international routes from Vietnam to
Singapore as well as domestic routes around the Sumatra Island.
SGX source · Source update: 04/30/2024 08:50:54 AM (timezone not specified). Source text may be historical.