Pertamina International Shipping Strengthens Indonesia's Position In The World Maritime Court

Pertamina International Shipping CEO, Yoki Firnandi. (Photo: Doc. Antara)

JAKARTA - PT Pertamina International Shipping (PIS) revealed a number of company strategies to strengthen Indonesia's position in the world maritime industry arena.

PIS CEO Yoki Firnandi in his statement in Jakarta, Monday, May 20, said there are three main challenges in the current PIS business, which are related to the shipping and logistics industry sector.

The first challenge is the provision of reliable and efficient service services, then optimal and efficient services for energy distribution in archipelagic countries such as Indonesia, and the last is business operations that are in line with sustainable issues.

"To answer these challenges, PIS continues to upgrade the fleet in order to meet the standards of service users at home and abroad, as well as comply with international regulations. This is in accordance with the direction of the Ministry of Transportation," said Yoki at a Shipping and Logistics Forum 2024 event recently, quoted from Antara.

PIS, Yoki continued, also maintains and carries out its mandate as the lifeblood of energy distribution in Indonesia by operating efficiently, but still prioritizes security and safety aspects.

"Regarding the issue of sustainability according to the decarbonization and energy transition targets, the PIS business also supports this by adding a fleet of gas carriers and petrochemicals, which use environmentally friendly technology. In addition, we also have and prepare to manage energy terminals that support sustainable business," he explained.

Yoki added that in addition to responding to business challenges to continue to grow, Indonesian shipping industry players also need to go global in order to strengthen Indonesia's position in the world maritime industry.

"The current perpetrator of shipping Indonesia should not only be a local player, but also a global player. In line with the big theme of BUMN going global, PIS has now become the largest integrated marine and logistics company and has grown significantly with Indonesia and in Southeast Asia," he said.

PIS, which consists of shipping, marine services, and logistics, is projected to continue to grow both in terms of business and finance. Currently, PIS has 102 tankers with 60 ships that have been recorded as successful in sailing on international routes.

In accordance with the company's roadmap, PIS targets to reach a market capitalization of US$7 billion with revenues of US$8.9 billion by 2034.

"We have also gone global by opening offices in Singapore and Dubai to serve various international routes, in addition to domestic routes for the distribution of fuel and other commodities such as green cargo," Yoki explained.

Separately, the Director General of Sea Transportation of the Ministry of Transportation Capt Antoni Arif Priadi also expressed his support regarding the importance of Indonesian maritime industry players to go global.

"To strengthen Indonesia's position as the largest archipelagic country in the world, we support domestic companies to be able to compete in the international arena. As a regulator, we invite industry players such as INSA, including Pertamina International Shipping, to attend various International Maritime Organization (IMO) events, so that they are more widely known by other countries. Hopefully, PIS's business steps can be an example for other shipping industry players and continue to make Indonesia proud," he said.

Yoki also revealed various PIS efforts in achieving the net zero emission target by 2060.

Starting from the installation of energy saving devices and engine power limits that have been applied on a number of ships to the use of double fuel or dual fuel, PIS always strives to reduce CO2 levels in each operation.

It is recorded that PIS has succeeded in reducing the total CO2 level by 25.4 kT CO2e by 2023 with a target of achieving a reduction of 978.6 kT CO2e by 2030.