JAKARTA. PT Energy Transporter Indonesia (ETI), a subsidiary of PT Transcoal Pacific Tbk (TCPI), has divested one of its barges, ETI 800.

Erizal Darwis, Director of TCPI, said that this vessel divestment price is set to IDR 6 billion. The barge is sold to a company unaffiliated with the company.

Darwis further mentioned that the barge sale is intended to raise fund for restoration of other vessels owned by ETI, considering the divested vessel has become less commercial to be operated.

“With this divestment, it is expected that operational activities of ETI will improve in the future,” said Darwis in the information disclosure in Indonesia Stock Exchange (IDX). (KR/ZH)