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 Post subject: Berlian Laju Tanker
PostPosted: October 6th, 2009, 8:43 am 
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Berlian Laju Tanker to acquire Ceco - MAJOR Indonesian chemical tanker player Berlian Laju Tanker (BLT) has announced a plan to acquire Norwegian shipping company Camillo Eitzen & Co (Ceco) in an all-share deal at a premium of about 3.5 times to Ceco's closing share price on Friday last week.


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 Post subject: Re: Berlian Laju Tanker
PostPosted: November 7th, 2009, 9:37 pm 
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With regards to the Extraordinary General Meeting of Shareholders (EGMS) Announcement that was published in Business Times on 28 October 2009 and posted on SGXNet, the Board of Directors of the Company wishes to clarify that the EGMS has been postponed pending further discussions and clarifications on certain outstanding matters relating to the transactions to be proposed to the EGMS.

As such, the EGMS date, EGMS Notice date and Recording date for Eligible Shareholders stated in such announcement are no longer applicable and the Company is intended to make further announcement on the new proposed EGMS date.

We apologise for any inconvenience caused.

PT Berlian Laju Tanker Tbk.
The Board of Directors

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 Post subject: Re: Berlian Laju Tanker
PostPosted: December 10th, 2009, 11:15 pm 
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Berlian Laju in offshore support vessel JV - TOP chemical tanker operator Berlian Laju Tanker (BLT) is diversifying into the US$250 million Indonesian offshore support vessel market through a 50 per cent stake in a joint venture with offshore support vessel (OSV) player Miclyn Express Offshore (MEO).


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 Post subject: Re: Berlian Laju Tanker
PostPosted: December 11th, 2009, 9:12 am 
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Press Release Update on Acquisition

BLT AND CAMILLO EITZEN PROVIDE UPDATE ON BLT OFFER PROCESS

Offer terms revised ~ Exclusivity period extended

http://info.sgx.com/webcoranncatth.nsf/ ... penelement

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~ Let Money Be Your Servant, Not Your Master ~


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 Post subject: Re: Berlian Laju Tanker
PostPosted: January 3rd, 2010, 9:10 pm 
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The Board of Directors of PT Berlian Laju Tanker Tbk (“BLT” or the “Company”) wishes to inform that one of its chartered vessels, MT Pramoni (19,900 dwt), is suspected to have been hijacked by pirates in the Gulf of Aden.

It has been reported that none of the 24 crew members was injured at the time of boarding. The crew includes Indonesian, Chinese, Vietnamese and Nigerian nationals.

MT Pramoni lost contact with the technical manager during a controlled transit in the Gulf of Aden on the passage to Kandla, India. The vessel was travelling along the security corridor in the Gulf and was assisted by international security navy forces.


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 Post subject: Re: Berlian Laju Tanker
PostPosted: January 19th, 2010, 8:56 am 
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PT Berlian Laju Tanker ("The Company" or "BLT") wishes to announce that the Company was awarded with a VLGC charter contract from PT Pertamina. The details of this information can be found in the document attached in this announcement.

BLT AWARDED VERY LARGE GAS CARRIER CONTRACT WORTH UP TO USD 90 MILLION
SGX and IDX Mainboard-listed PT Berlian Laju Tanker Tbk (“BLT” or the “Company”) has
been awarded a new charter contract with PT Pertamina, the state-owned Indonesian oil and
gas company, for the provision of a Very Large Gas Carrier (VLGC) for a period of up to 7
years commencing from 13 January 2010. The contract value of the time charter is worth up
to approximately USD 90 million and is the first such contract awarded to an Indonesian
company.

To service the contract, BLT has agreed to purchase the Commander N, a VLGC with a total
capacity of 78,543 CBM built by NKK Corporation, Japan. With the delivery of the ship,
BLT will reflag the ship into the Indonesian registry in line with BLT’s commitment to the
Indonesian Shipping Regulation known as Undang-UndangNomor 17 Tahun 2008 Tentang
Pelayaran, which among others implements the cabotage principle in Indonesian waters to
develop the domestic shipping industry. The vessel has also been specifically chosen to
comply with Indonesian Regulation Permendag Nomor 63/M-DAG/PER/12/2009 which
requires that ships which are reflagged into the Indonesian registry should not be more than
20 years old to ensure high quality and standards for such ships. This is particularly important
as many of the ships which are used within Indonesian domestic waters are older than 20
years.


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 Post subject: Re: Berlian Laju Tanker
PostPosted: January 26th, 2010, 10:22 pm 
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BLT AND CECO PROVIDE UPDATE ON BLT OFFER PROCESS

As previously communicated, PT Berlian Laju Tanker Tbk ("BLT") and Camillo Eitzen & Co ASA ("CECO") announced on 5 October 2009 the submission by BLT of a non‐binding indication of interest to put forward a voluntary exchange offer for all outstanding shares in CECO. On 14 December 2009, the parties announced in a joint press release that the due diligence process undertaken by BLT was concluded and that BLT had revised the terms of the potential offer. At the same time, BLT and CECO also entered into a transaction and exclusivity agreement in order to prepare for a launch of a voluntary exchange offer, subject to a number of conditions, consents and approvals. Under the agreement, the parties also agreed on a timeline for the offer process and key transaction milestones.

http://info.sgx.com/webcoranncatth.nsf/ ... penelement


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 Post subject: Re: Berlian Laju Tanker
PostPosted: February 4th, 2010, 8:46 am 
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Berlian Laju to issue bonds - PT Berlian Laju Tbk, a provider of liquid cargo transportation services, intends to issue US$100 million, 12 per cent guaranteed, convertible bonds due 2015.


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 Post subject: Re: Berlian Laju Tanker
PostPosted: March 15th, 2010, 2:01 pm 
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BLT LAUNCHES UPSIZE OFFERING OF US$100,000,000 12% GUARANTEED CONVERTIBLE BONDS DUE 2015

Following the successfull subscription of US$100 million 12% guaranteed convertible bonds due
2015 (the “Convertible Bonds”), the Company intends to upsize the Convertible Bonds to
US$125 million (the “Upsize Convertible Bonds”) under the upsize option available in the terms
and conditions of the Convertible Bonds.

Pursuant to the terms of the Convertible Bonds Offering, J.P. Morgan Securities Ltd and RS Platou
Markets AS (the “Placement Agents”) have on 12 March 2010 exercised the option to upsize the
Convertible Bonds Offering (the “Upsize Option”). In conjunction with the upsizing of the
Convertible Bonds Offering, it is proposed that the 12% guaranteed convertible bonds due 2015
(the “Convertible Bonds”) will be upsized in the aggregate amount of US$25,000,000.
The Upsize Convertible Bonds will have exactly the same terms and conditions applied with The
Convertible Bonds.

The securities have not been and will not be registered under the U.S. Securities Act of 1933, as
amended (the `U.S. Securities Act`), or any state securities laws, and will not be offered to any
person investing from or in the United States or to any person acting on behalf of or for the
account of such persons. The securities are offered outside the United States in reliance on
Regulation S under the U.S. Securities Act. This press release shall not constitute a public offer
as defined in Indonesian Capital Market Law, Law No. 8 of 1995 or as an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities in any jurisidiction in
which such offer, solicitation or sale would be unlawful.

Further details of the transaction will be announced in due course when the offering closes.

By Order of the Board
Kevin Wong
Director
Singapore, 15 March 2010

_________________
~ You are your greatest enemy ~
~ Let Money Be Your Servant, Not Your Master ~


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 Post subject: Re: Berlian Laju Tanker
PostPosted: March 15th, 2010, 2:02 pm 
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PRIVATE PLACEMENT OF 12% GUARANTEED CONVERTIBLE BONDS DUE 2015 PURSUANT TO AN UPSIZE OPTION

1. Introduction
The Board of Directors of PT Berlian Laju Tanker Tbk (the “Company”) refers to the SGXNET
announcements of the Company released on 3 February 2010 and 12 February 2010 in
respect of the issuance of US$100,000,000 12% guaranteed convertible bonds due 2015 by
BLT International Corporation, a wholly owned subsidiary of the Company (the “Convertible
Bonds Offering”).

Pursuant to the terms of the Convertible Bonds Offering, J.P. Morgan Securities Ltd and RS
Platou Markets AS (the “Placement Agents”) have on 12 March 2010 exercised the option to
upsize the Convertible Bonds Offering (the “Upsize Option”). In conjunction with the upsizing
of the Convertible Bonds Offering, it is proposed that 12% guaranteed convertible bonds due
2015 (the “Convertible Bonds”) in the aggregate amount of US$25,000,000 under the Upsize
Option be issued and part of it amounting to US$16,000,000 shall be issued to, and
subscribed by, Meadowstream Limited (“MSL”), a wholly owned subsidiary of PT Tunggaladhi
Baskara (“PT TAB”), through the Placement Agents (the “Private Placement”).

MSL is an investment holding company incorporated in the British Virgin Islands and is
wholly owned by PT TAB. As of the date of this announcement, MSL and PT TAB each
owns 3.08% and 54.56% of the issued share capital of the Company respectively. As such,
PT TAB is a controlling Shareholder of the Company with a total deemed interest of 57.64% in
the issued share capital of the Company. Accordingly, the Private Placement constitutes a
placement of securities of the Company to a corporation which a controlling Shareholder of the
Company, PT TAB, holds shareholding interests of more than 10% in. As such, the Private
Placement is subject to, inter alia, the approval of the shareholders of the Company at the
upcoming extraordinary general meeting of shareholders (the “EGM”) as required pursuant
to the listing rules imposed by the Singapore Exchange Securities Trading Limited (the
“SGX-ST”) which are applicable to the Company. (Please see “- Ratification of the Proposed
Placement” for further details.)

It is expected that the Private Placement would raise gross proceeds amounting to
US$16,000,000 and overall, the Convertible Bonds Offering and the Upsize Option would
raise gross proceeds amounting to US$125,000,000.

More Details
http://info.sgx.com/webcoranncatth.nsf/ ... penelement

_________________
~ You are your greatest enemy ~
~ Let Money Be Your Servant, Not Your Master ~


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