This is an investment from the Steamships’ logistics division, which is valued at more than K80 million (approximately USD21 million).
These tugs and barges have been transferred into the Papua New Guinean flag, expanding the availability of high quality locally owned marine assets available to LNG operators and their subcontractors.
‘MV Yelia’, ‘MV Aird Hills’ and the two barges, ‘CEL 501’ and ‘CEL 502’, are already in country and operating for TotalEnergies and others. The third tug and barge set, ‘MV Lolo’ and ‘CEL 202’, is due to arrive by the end of December 2023.