Marine logistics group Marco Polo Marine said that its wholly owned unit has secured USD 20 million coal transshipment contract from an Indonesian coal owner.

Marco Polo's unit MP Shipping will provide the transshipment services for coal through the deployment of its fleet of Indonesian flagged vessels.

Marco Polo said that the transshipment contract is expected to contribute positively to its earnings for the current financial year ending September 30.

(Sourced from www.insing.com)