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November 26, 2015 7:52 AM ET


Company Overview of Rimau Shipping Pte. Ltd.

Company Overview

Rimau Shipping Pte. Ltd. provides vessel chartering services. The company is based in Singapore. As of June 4, 2010, Rimau Shipping Pte. Ltd. operates as a subsidiary of Kwong Hing International Holdings Bermuda Ltd.



Key Executives for Rimau Shipping Pte. Ltd.

Rimau Shipping Pte. Ltd. does not have any Key Executives recorded.

Rimau Shipping Pte. Ltd. Key Developments

Rimau Shipping Enters into Floating Storage Unit Service Agreement with Glencore Singapore

The Board of Agritrade Resources Limited announced that on February 16, 2015, Rimau Shipping (lessor), entered into a floating storage unit service agreement (contract) with Glencore Singapore Pte Ltd. (lessee). Pursuant to the contract, the lessor hereby grants to the lessee the exclusive use of all cargo tanks capacity of the VLCC for the storage of crude oil. The contract is signed for a period of 12 months (on a 6+6 month basis at lessee's option) valued from the first week of March 2015. The lessee shall pay a monthly fixed storage hire charges with an amount of approximately $1 million in full and in advance of each storage month.

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