JAKARTA - PT Pertamina (Persero) through its subsidiary which is engaged in marine logistics, namely PT Pertamina International Shipping (PIS), signed a business collaboration agreement or basic agreement with Japanese shipping company Nippon Yusen Kaisha (NYK). This business collaboration includes various important points Shareholders Agreement (SHA) and Strategic Alliance Agreement (SAA) related to investment potential.
"This agreement is in accordance with our aspiration to become an Asian Leading Integrated Marine Logistics Company," said Pertamina's Director of Strategy, Portfolio, and Business Development (SPPU) Salyadi Saputra in a statement quoted by Antara, Tuesday, October 18.
His party targets to be able to collaborate with leading partners to help with business development. According to him, the signing made NYK a strategic partner of PIS with the potential for business collaboration for the transportation of liquefied natural gas (LNG) on domestic and international routes.
In addition, to expand the company's expansion in the global market as well as develop PIS capabilities to become Asia's largest integrated marine logistics company.
PIS President Director Yoki Firnandi said the selection of NYK as a partner was based on the consideration of NYK's big name as the second position in the world in terms of gas transport owners.
NYK has long skills and experience in the field of LNG transportation. The advantage of NYK is in line with PIS's need to develop a new line of business that is more environmentally friendly," said Yoki.
PIS currently has a business roadmap that is in line with the energy transition policy set by the government. By 2030 the company targets 20 percent of revenue sourced from green cargo.
Through this collaboration, Yoki hopes to provide positive benefits for the PIS business, especially in LNG transportation, to support roadmaps for a sustainable green business.
NYK welcomes cooperation with PIS and is expected to cover many business sectors related to energy ranging from the Very Large Crude Carrier (VLC), Very Large Gas Carrier (VLGC), offshore businesses such as the Floating Storage Regasification Unit (FSRU), new renewable energy and fuel, even to the use of technology to reduce emissions and the application of CCS/CCUS.
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