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will down , vessel chartering making losses, out of expectations, new contract can't making money , what's the purpose for signing the coal contract from TNB?
LOA from TNB for carriage of bulk coal for TNB fuel services s/b. Huge contract. 3,500,000 metric tonnes per annum. USD 4.84 ~ USD 88.75 per metric tonne.
Looking at past records of contracts, they all ended up losing money, so this contract probably won't contribute much! It's practically guaranteed to lose money in no time.
