HomeIDR 1,8 Trillion of Profit, Pelindo III Explores More Cooperation with Dubai
IDR 1,8 Trillion of Profit, Pelindo III Explores More Cooperation with Dubai
Posted by SuperAdmin at February 24, 2020
IDR 1,8 Trillion of Profit, Pelindo III Explores More Cooperation with Dubai
Posted by SuperAdmin, February 24, 2020

The CEO of PT Pelabuhan Indonesia III (Persero) (Pelindo III), Mr. Ari Askhara, said the previous cooperation with Dubai Port World (DPW) has come to an end on 1st April 2018 and the company is currently probing any possibilities of more cooperation with DPW in port management.

“We offer share swap and operating partnership in remote area around East Indonesia. Up until now, they are really interested with the share swap. They are interested to own share in Indonesia and we also own DPW share. Next year, we could operate overseas, such as in Malacca Strait, Vietnam, Thailand, or any ASEAN countries as our first target,” he said during the press conference in Jakarta.

Through this cooperation, he said, Indonesian companies’ penetration in global markets would be even greater. “We have bigger market here but Indonesia always considered as their last market priority. Singapore, Thailand, and Malaysia are asking for transshipment. They want to operate here. We want this because it is our first operating management overseas but we will go under 30%,” he added.

According to Mr. Ari Askhara, DPW has already looked at Teluk Lamong Port for them to operate, while Pelindo III has been offered to operate in one of ports in Thailand. “We leave the decision to them as long as it is an equal or fair value. Currently, they are interested to operate Teluk Lamong. They really like it and want to operate it,” he said.

 

IDR 1,8 Trillion of Profit

He also added, PT Pelindo III (Persero) recorded net profit in the amount of IDR 1,8 Trillion during January - July. Compared to the same period in 2017, the net profit is increased by 63,6%.

During these 7 months, the company recorded IDR 7,4 trillion of income or increased dramatically by 52% (y-o-y). The container service is the highest contributor by 60% of total income, followed by shipping service (11%) and goods (8%).

“Loading and unloading service is increasing, such as container, non-container goods, and LNG. It is also contributed by the total of ship visits in ports which operated by Pelindo III in 7 provinces in Indonesia,” he said.

The financial report recorded the loading and unloading service has been increased by 6% (y-o-y) from January to July 2018. It recorded from 2,2 million boxes (2,8 million TEU’s) to 2,4 million boxes (2,9 million TEU’s). Common loading and unloading services has been increasing from 1,3 million m3 to 1,8 million m3. 32% of growth was gained from project cargo goods, woods and ply woods commodity, and heavy equipment in Surabaya Tanjung Perak and Semarang Tanjung Emas Port.

Significant growth has been recorded in loading and unloading services of LNG commodity from 3,9 million MBTU to 5,51 million MMBTU. 42% of significant leap has been impacted to Pelindo III to be ready in expanding the market of energy loading and unloading services.

“Pelindo III is now expanding to operate tank farm in Bali Benoa Port, Surabaya Tanjung Perak Port, and Semarang Tanjung Emas Port through our subsidiary which is Pelindo Energi Logistik synergized with PP Energy,” he added.

On the other side, Director of Operation and Commercial of Pelindo III, Mr. Mohammad Iqbal said that even though the ship visit increased only 1% or turned out only 23,307 units, the weights of ship visit increased up to 14% or became 98,3 million GT. It is aligned with ship size trend which getting bigger.

From the operational cost side, Pelindo III has been implementing cost efficiency up to IDR 1,1 trillion so it only increased 19% or turned out to be IDR 4,8 trillion. It is claimed as far below the income growth. (pld/3**)

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