JAKARTA – The business entity of PT Pelabuhan Indonesia (Pelindo), namely PT Jasa Armada Indonesia Tbk (IPCM), has prepared capital expenditure (capex) worth IDR 150 billion which will be used to add two new ships in 2024.

“In 2024 we will add two tugboats with a total capex of IDR 150 billion, funding will still come from internally, none from outside,” said IPCM President Director and Director of Commercial and Business Development, Shanti Puruhita in the 2023 Live Public Expose on the Indonesia Stock Exchange (BEI), Jakarta, quoted from Antara, Thursday (30/11).

Shanti is not too worried about the company’s business in the transportation and logistics sector in 2024, because it will continue to operate optimally amidst the dynamics of the political year.

“Our expansion targets are organic and inorganic. “Organic has a business plan launched by the Pelindo Group, for inorganic there is a lot of great potential under Indonesian waters,” said Shanti.

This year, the company has allocated capital expenditure worth IDR 140 billion for the procurement of two new Abimanyu type ships.

The procurement process is targeted to be completed by the end of the year, where the process of working on the two Abimanyu type ships will take up to 18 months, so it is hoped that it will be completed in June-July 2025.

As of November 2023​​​​​​, the company is recorded as having a total fleet of 95 vessels, consisting of 61 tugboats, 29 piloted motorboats, and 5 small boats.

Furthermore, next year the company targets business revenues to reach more than IDR 1 trillion, with profits targeted to exceed this year’s achievements.

The company’s operating income was recorded at IDR 858.1 billion in the third quarter of 2023, or an increase of 28 percent year on year (yoy) compared to IDR 671.05 billion in the same period the previous year.

IPCM Director of Finance and Human Resources Reini Delfianti said that the main contributor to the company’s revenue came from ship services worth IDR 756.28 billion or 88.13 percent of total revenue.

Then, transportation and other services worth IDR 70.33 billion or 8.19 percent, as well as ship management services worth IDR 31.50 billion or 3.67 percent.

Meanwhile, the company’s profit was recorded at IDR 119.78 billion in the third quarter of 2023, or an increase of 18 percent (yoy) compared to IDR 101.67 billion in the same period the previous year.