Steamships Trading Company Limited’s Managing Director, Rupert Bray, and Isikeli Taureka, Chief Executive Officer of Laba Holdings Limited, executed a Memorandum of Understanding that will lead to the creation of a new joint-venture company, Hebamo Transport. Hebamo Transport will focus specifically on logistical support to the resource industry.
By combining Laba’s local presence at the PNG LNG gas site with EastWest Transport extensive experience in land logistics services, the joint venture establishes a Papua New Guinean majorityowned specialist in LNG logistical support. Hebamo Transport seeks to provide unparalleled logistics services tailored to the needs of the energy and mining sectors, specifically catering to the downstream requirements of the Papua LNG project.
"Today marks a significant milestone as we celebrate the signing of the MOU between Steamships and Laba Holdings creating our joint venture, Hebamo Transport. This collaboration reflects both companies deep commitment to not only foster economic growth but also to ensure that the benefits of resource extraction are rightfully filtered back to the landowners” said Steamships’ Managing Director, Rupert Bray.
“At Steamships, we are proud to be the partner of choice in this venture, standing as a testament to our ongoing efforts to create impactful and inclusive business models that positively impact communities and drive meaningful progress."
Both companies look forward to working closely together to finalise the incorporation of the joint venture and are excited about the positive impact this collaboration will have on the local Papa Lealea economy and the broader Papua New Guinean community.
