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Samudera Orders Two

Maritime Activity Reports, Inc.

February 12, 2008

PT Samudera Indonesia reportedly entered into an agreement with STX Shipbuilding to buy a pair of bulk carriers for $97.6m, the Jakarta Post reported. Upon delivery, the vessels will be deployed on a time-charter contract and are expected to increase Samudera's capacity to meet the demand for bulk carrier services. Samudera currently operates 20 vessels.

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