In Celebrating Indonesia’s Red Cross (PMI) Day, September 17, PSS together with the group of companies, MSI, IMC Plantation, PBS, and PSS Logistics use the momentum to conduct Blood Donation activities. This year’s theme is “Bergerak bersama untuk Seksama (Moving Together for Others).
The restrictions on mobility and community activities have had an impact on the low number of blood donors during the Covid-19 pandemic. PMI data said that from the beginning of January – September 2021 there was a decrease of 20 – 30 percent for blood donors at the national level, while demand remained high.
This activity is part of one of the pillars of CSR PSS, namely “Indonesia Lebih Sehat (Healthier Indonesia).”
From this blood donation activity, 29 bags of blood were successfully collected
Thank you, colleagues, for donating your blood. Hopefully, 29 bags of blood collected can be useful for those in need while adding bloodstock to PMI
Let’s donate our blood to help save the lives of our brothers and sisters in need. Thank you for your participation.
https://www.ptpss.co.id/wp-content/uploads/2019/08/Logo_PSS-TBK-HR.png00Hariman Chalidhttps://www.ptpss.co.id/wp-content/uploads/2019/08/Logo_PSS-TBK-HR.pngHariman Chalid2021-09-27 08:57:302021-09-27 08:57:30Blood Donation Day for PSS and group companies' employees
Director of PT Pelita Samudra Shipping Tbk (PSS) Harry Chan handed the certificate of appreciation to the Port Health Office (KKP) Class IIA Samarinda, received by the Head of the Port Health Office Class IIA Samarinda, Solihin.
The awarding of the KKP Class II A Samarinda is a form of gratitude. Especially during the COVID-19 pandemic, that is very important to prevent its spread on board. KKP has done a lot of assistance, both for employees and ships at PT PSS Tbk, in this case for Antigen tests, PCR, and also vaccinations. “We thank KPP Class IIA Samarinda. Because of them, employees and crew of PT PSS ships in Samarinda and in Jakarta one hundred percent have been vaccinated COVID-19. I hope this cooperation can be continued and improved in the future. So that later it can create a good synergy between the government and the private sector,” he said.
Meanwhile, Head of KKP Class IIA Samarinda, Solihin expressed his gratitude for the award from PT PSS Tbk. This appreciation certainly adds to the spirit to work better. “In this momentum, of course, we must take care of each other and strengthen each other in efforts to prevent Covid-19, because they do not know when it will end. There needs to be education and information in order for work, especially in the transportation and shipping industry,” he said.
He hopes, between KKP and PT PSS Tbk support each other and strengthen the relationship. As a regulator, he emphasized that he will continue to monitor and provide up-to-date information about COVID-19 to colleagues in the field. “And I emphasize for the employees and crew on board to continue to implement the COVID-19 health protocol in work,” he concluded
https://www.ptpss.co.id/wp-content/uploads/2019/08/Logo_PSS-TBK-HR.png00Hariman Chalidhttps://www.ptpss.co.id/wp-content/uploads/2019/08/Logo_PSS-TBK-HR.pngHariman Chalid2021-09-04 07:34:382021-09-04 07:34:38PSS Director Awarded Samarinda's Port Health Office Certificate of Appreciation
https://www.ptpss.co.id/wp-content/uploads/2019/08/Logo_PSS-TBK-HR.png00Agil Setiajihttps://www.ptpss.co.id/wp-content/uploads/2019/08/Logo_PSS-TBK-HR.pngAgil Setiaji2021-08-27 21:07:152021-08-27 21:32:06Material Information or Facts- Report Plan on Business Segments Separation on Bulk Carrier Transportation Business
Continue to develop a diversified portfolio towards a sustainable business
Jakarta, August 12, 2021 – PT Pelita Samudera Shipping Tbk (IDX code: “PSSI”), a logistics and marine transportation solution provider of integrated coal and mineral transportation, released its Financial Report for the six-month period ended June 30, 2021 (6M-2021).
The continued global economic recovery led to strong demand for logistics services in the first half of 2021. In such situations, Pelita Samudera Shipping showed outstanding financial performance with all business segments generating revenues that exceeded the previous year
Net Profit for the Period increased to US$7.2 million, up 149% or US$4.3 million, compared to Net Profit for the period 6M-2020 of US$2.9 million. The Bulk Ship (MV) segment contributed US$3.5 million in profit, followed by the Floating Loading Facility (FLF/FC) segment with US$2.4 million, and the tug &barge segment (TNB) with US$1.3 million. EBITDA as of June 31, 2021, was recorded at US$16.5 million, up 3%from US$12.4 million in the first half of 2020.
The increasing demand for coal in China and other countries also boosted the Company’s overall business performance. Furthermore, the Company also continues to diversify its business in the non-coal transportation sector, such as bauxite and nickel, and focus on business sustainability, including broader expansion into international markets.
Throughout 6M 2021, Pelita Samudera Shipping posted Revenue of US$45.7 million, an increase of 29% or US$10.1 million from US$35.5 million in the same period in 2020.
The TNB segment accounted for the highest operating income in Semester 1 2021 with a total of US$17.2 million, an increase of 23% from 6M-2020. US$4.5 million of which came from time charter income which increased significantly by 1668%or US$4.3 million compared to TC Semester 1 2020 revenue of US$256 thousand. The utilization of TNB used for TC resulted in a decrease in the number of transport volumes, but fleet utilization managed to reach a high stable at 93.7%.
The MV segment contributed significantly to the increase in revenue in Semester 1 2021. Total operating income was US$14 million, up 22% or US$11.5 million (YoY). With utilization reaching 100%, all MV owned by Pelita Samudera has been leased for long, medium- and short-term contracts to serve the domestic and international markets. Two SUPRAMAX-sized MV are leased to transport coal from Kalimantan to Sulawesi. While four MV size Handysize leased futures to transport coal to China, Japan and expansion into CIS Russia and the Persian Gulf. Total revenue from mv segment futures was US$9.6 million, the highest of any other segment for Time Charter revenue. This achievement doubled from the same period last year, of US$4.9 million.
The FLF/FC segment also contributed positively to the increase in 1st Semester revenue. Thanks to long-term contracts previously secured for 2021, up to June total haul volume reached 10.6 million metric tons, up 47% or 3.4 million metric tons from First Half 2020. In addition to coal cargo, in Semester 1 2021, FLF/FC was also recorded to transport more than 817 thousand metric tons of bauxite cargo from Kalimantan. FLF utilization was also better 9.8%from 63.6%in 6M-2020, to 73.4% in First Semester 2021. Total revenue from this segment reached US$14.4 million, an increase of 44% from US$10 million Year-on-Year.
With the increase in the Company’s revenue, the increase in the cost of basic income includes repair costs, the purchase of ship parts, and the cost of ship rental. The total cost of revenue in the first semester of 2021 was recorded at US$32.5 million, an increase of only 13% or US$3.9 million from the same period in 2020 of US$28.7 million. Operating expenses increased 12% (YoY) from US$2.8 million to US$3.1 million for employee expenses and service fees.
In 6M 2021, the Company recorded Solid Financial Performance with a Healthy Balance Sheet Position in the Midst of the Pandemic. Cash, and cash equivalents, and other financial assets were recorded at $12.2 million, up 39% from the same period in 2020. A large amount of cash flow was used for bank loan payments totaling US$10.2 million. As well as payments for the purchase of two tugboats, and maintenance of assets of US$5.2 million. As of June 3, 2021, the Company’s total current and non-current assets were recorded at US$147.2 million, unchanged from December 31, 2020. The value is well above the Company’s Total Liabilities of US$47.9 million. While the Company’s Equity until Semester 1 2021 was recorded at US$99.2 million, up 5% from US$94 million on December 31, 2020, partly thanks to a 12% increase in profit balance from US$39.4 million in Semester 1 2020 to US$44 million in Semester 1 2021. The increase in Net Profit at the end of June 2021 raised return on Invested Capital (ROIC) to 5.74%, Return on Asset (ROA) 4.93%, and Return on Equity (ROE) 7.31%.
Iriawan Alex Ibarat, President Director of PT Pelita Samudera Shipping Tbk, said “Throughout 6M 2021 the Company managed to record a solid performance, achieving, even exceeding business targets and successfully diversifying its business. The high demand for coal in international markets, including China and the domestic market, has increased the demand for PSS ships to be chartered for coal transportation, which contributed to the increase in the Company’s Net Profit. The global economic situation due to the pandemic is still quite challenging, spurring the Company to be more adaptive and not rely on coal transportation solely in seeing business opportunities so that business can be sustainable.
Since 2019, Pelita Samudera Shipping has diversified its business outside the coal transportation cargos. “For 2021, the Company targets 30% of revenues from the non-coal sector and will continue to be improved. We are currently continuing to grow our diversified portfolio,” he said.
Alex added that the current recovery of health during the COVID-19 pandemic is a key aspect of the overall national economic recovery process. “Since the beginning of the pandemic, Pelita Samudera continues to contribute through various initiatives to ensure its human resources are healthy,” he explained. Vaccination programs throughout the operational area with a total of almost 100% of employees have been vaccinated and the entire crew is in the vaccination program stage.
(Information on PSSI’s financial position as of June 30, 2021, based on Unaudited Financial Statements)
https://www.ptpss.co.id/wp-content/uploads/2019/08/Logo_PSS-TBK-HR.png00Hariman Chalidhttps://www.ptpss.co.id/wp-content/uploads/2019/08/Logo_PSS-TBK-HR.pngHariman Chalid2021-08-18 09:21:502021-08-18 09:21:50PELITA SAMUDERA RECORDED A SOLID PERFORMANCE WITH A BUSINESS REVENUE OF US$45.7 MILLION, UP 29% IN THE FIRST SEMESTER OF 2021
PT Pelita Samudera Shipping Tbk fully supports the Indonesian Government policy on the implementation of the Emergency Restrictions on Community Activities (PPKM).
Although PSSI’s line of business is included in the critical sector of logistics and transportation that is allowed to work from an office (WFO) 100%, the Company implemented a 75% Work From Home (WFH) scheme for its employees during the Emergency Restriction.
The 75% WFH policy is excluded if there is work to be done by employees to support the Company’s operational activities, including activities in the framework of services to third party or government, financial documentation, health care while implementing strict, consistent, and disciplined health protocols. For Employee who is WFO, every employee, without exception, is required to conduct antigen tests independently before entering the work area. The Company provides Antigen Abbot Panbio Antigen Nasal test devices. And only employees with negative antigen results are allowed to WFO.
Panbio™ COVID-19 Ag Rapid Test tool is a lateral flow test tool for the qualitative rapid detection of the SARS-CoV-2 virus. Panbio COVID-19 Ag marked CE, has received an Emergency Use Listing (EUL) or Emergency Use List from the World Health Organization (WHO) and has certainly had a circulation permit from the Ministry of Health until it meets the terms of use set by the Ministry of Health. The rapid test of Abbott Panbio Nasal Antigen does not require instrumentation and gives results of about 15 minutes. The Panbio COVID-19 Ag test has been widely used in Europe, Asia, and Africa. The results of a clinical study by Abbott of 585 samples showed that the Panbio COVID-19 Ag test had a sensitivity (positive match) of 98.1% and specificity (negative match) of 99.8% in people suspected of exposure to COVID-19 or experiencing symptoms due to the virus in the last seven days.
Meanwhile, based on data as of July 2021, the realization on the number of employees who have been vaccinated reached 97 employees or reached 91.5%, consisting of 51 employees at the Jakarta Head Office, 36 employees at the Samarinda representative office, 4 employees in Berau, and 6 employees in Kendari. Some of the employees are not yet vaccinated due to pregnancy and some others are still in treatment for illness or in the recovery process. The Company facilitates the provision of COVID-19 vaccine to employees through several cooperations including with the Maritime Occupational Health Center (BKKP) Directorate of the Sea Transportation Ministry of Transportation. This is done to ensure the acceleration of vaccine fulfillment for all employees.
President Director of PSSI, Iriawan Alex Ibarat said “We believe that vaccination is one of the efforts to protect employees by breaking the chain of transmission of COVID-19 in the Company’s environment, while still complied by the application of health protocols in a disciplined manner through 3T (testing, tracing, treatment) and 5M programs, namely wearing masks, maintaining distance, washing hands, avoiding crowds and reducing mobility. In this PPKM period, we focus on internal employee’s well-being as a priority. ”
In addition, since the start of the pandemic in March 2020, the Company routinely provides antigen swab tests every month and PCR swab tests to monitor the health condition and status of its employees and crew. To provide additional protection, the Company also provides masks, multivitamin packages, hand sanitizer, lunch packages so that employees do not have to go outside the office and provide mica partitions on employees’ work desks to disinfect the room periodically.
The prevention and control of the COVID-19 virus is part of the Company’s Business Sustainability Plan. The Company’s COVID-19 Task Force team, with members from the head office and representative operations offices, regularly holds meetings and conducts strict monitors of all employees, fleets, and crew.
https://www.ptpss.co.id/wp-content/uploads/2019/08/Logo_PSS-TBK-HR.png00Hariman Chalidhttps://www.ptpss.co.id/wp-content/uploads/2019/08/Logo_PSS-TBK-HR.pngHariman Chalid2021-08-18 08:45:202021-08-18 08:45:20PSS Supports the Extension of the Indonesian Government Policy on Restrictions on Community Activities (PPKM) and Focus Internal Employee’s Well-being as Priority
The Board of Directors of PT Pelita Samudera Shipping Tbk (IDX: “PSSI”), a logistics and marine transportation solution provider integrated into the transportation of coal and minerals, attended the handover ceremony of 1 unit of Tug boat named JKW Pelita 1 on Wednesday (2/6) in Pangkalpinang, Bangka Belitung Islands. JKW Pelita 1 is produced at PT Pahala Harapan Lestari (PHL) shipyard, with a production cost of around Rp13.6 billion. JKW Pelita 1 production began on December 8, 2020, to pursue business expansion targets in the second quarter of 2021.
JKW Pelita 1 has a gross tonnage weight of 213 GT and will be managed by 10 crew. The dimensions of the tugboat are 27 meters long, 8.2 meters wide, and 4 meters high. The power of the JKW Pelita 1 engine can produce up to 2200 horsepower and go at a maximum speed of up to 12.50 knots. Before being handed over, JKW Pelita 1 underwent series of tests on the Pangkal Balam river, Pangkalpinang, May 27, 2021.
The addition of JKW Pelita 1 is part of PSSI’s sustainable fleet expansion program. In Q1/2021, PSSI has also completed the purchase of 1 unit of Tugboats. The expansion of the tugboat fleet immediately showed the results, where the T&B segment of PSSI reached utilization at 89.2% and contributed the highest Operating Income of US$8.7 million at the end of Q1-2021, including a very significant increase of 1708% in Time Charter Revenue to US$2.3 million from US$125 thousand in the same period last year. This was 39% of total Time Charter Revenue at US$5.7 million in the first quarter.
The addition of these 2 tugboats is in line with the Company’s business diversification target, the T&B segment managed to obtain new contracts and expansion into bauxite transportation in the first quarter in the West Kalimantan area, in addition to the transportation of nickel and coal commodities. The target of diversification of multi-cargo transport other than coal is 29% from the MV segment of about 17%, and the T&B segment by 12%.
President Director, Iriawan “Alex” Ibarat said, “as of the end of Q1 2021, the Company’s fleet of 89 units consists of 41-units of tugs and 39-units of barges (TNB), 3-units of Floating Loading Facilities (FLF), and 6-units of MV. The Company targets to purchase several sets of T&B and Floating Cranes in the second semester as part of the capital expenditure target in 2021 of US$21 million.” Alex concluded
The Company continues to take strategic steps to take advantage of global market conditions that are slowly starting to recover. With the strength of the current fleet, all assets are expected to provide profitable and sustainable investment results. The 2021 revenue target is around 30% – 35% of Time Charter Revenue.
https://www.ptpss.co.id/wp-content/uploads/2019/08/Logo_PSS-TBK-HR.png00Hariman Chalidhttps://www.ptpss.co.id/wp-content/uploads/2019/08/Logo_PSS-TBK-HR.pngHariman Chalid2021-06-25 15:39:182021-06-25 15:46:47EXPANSION OF 2 TUGBOATS IN SEMESTER I, PELITA SAMUDERA SHIPPING READY TO ACCELERATE REVENUE GROWTH IN 2021
SOLID PERFORMANCE AND AMPLE LIQUIDITY, PSS TO DISTRIBUTE DIVIDEND FOR SHAREHOLDERS
• Obtain shareholders’ approval for all of the meeting agenda
• Distribution of cash dividends of US$2.9 million or IDR 8 per share. Fifth dividends since IPO in 2017
• Additional long-term loan facility of up to USD13 million for long term funding
• Approval of Shares Buyback
PT Pelita Samudera Shipping Tbk (“The Company”, “PSS”, IDX code: PSSI) has held its Annual General Meeting of Shareholders (AGMS) of which all agendas are approved by shareholders.
First, shareholders approved the Company’s 2020 Annual Report with solid performance and strong growth in 2020 in the midst of the COVID-19 pandemic. The Company focuses on diversifying its multi-cargo transport commodity business, expanding its potential market business including internationally, and optimizing asset utilization.
The Company’s net profit at the end of 2020 was recorded at USD8.4 million. With the approval of shareholders, the Net Income will be partly used for a cash dividend of Rp8 per share that will be distributed on July 21, 2021. This dividend payment is the fifth since the Company listed its initial public offering in December 2017. The total dividend of Rp8 per share reflects 35% of net income in 2020 or USD2.97 million (equivalent to Rp43.3 billion). Meanwhile, USD421,000 (equivalent to Rp6.1 billion) or 5% was set aside for the Company’s reserve fund. The remaining net profit for the year was USD5.04 million or 60% recorded as retained earnings of the Company.
The Company has also approved the results of the Audit of financial statements for the fiscal year 2020 conducted by the Independent Public Accounting Firm Tanudiredja, Wibisana, Rintis, and Rekan (global network member firm Pricewaterhouse Coopers). For Fiscal Year 2021, the Company will delegate authority to the Board of Commissioners to appoint a CPA firm registered with OJK with criteria following applicable regulations.
The determination of salaries and benefits and other income for members of the Board of Directors and Board of Commissioners also obtained shareholder approval.
As part of continuous efforts to penetrate more into international markets, the Meeting also approved the addition of Members of the Board of Commissioners, namely by appointing Mr. Loh Niap Juan as a new member of the Board of Commissioners. Mr. Loh Niap Juan is the Chief Corporate Officer of IMC Group Singapore, part of IMC Group Corporate Strategy for portfolio investment, governance, and management. As a great practitioner of logistics and financial corporate strategy, Mr. Niap added to the diversity of the composition of the 4 members of the Board of Commissioners led by the Independent President Commissioner, Mr. Hamid Awaluddin, who previously served as Minister of Law and Human Rights in Indonesia Bersatu Cabinet.
Fleet expansion strategy is the Company’s target that has been carried out for the last five years. This move has increased the company’s assets significantly by 46% as of March 31, 2021, at US$148.8 million compared to US$101.8 million as of December 31, 2017. To support the company’s sustainable growth plan, the Meeting also approved a long-term loan facility of USD13.9 million (equivalent to Rp200 billion) with a tenor of up to four (4) years for long-term funding from Bank Permata Indonesia. This long-term loan is part of a sustainable fleet expansion strategy, one of which is for the purchase of three sets of Tugboat and Barge (T&B). In Q1/2021, the Company has completed the purchase of 2 units of Tugboat and immediately gave a positive result. T&B segment contributed the highest Revenue of US$8.7 million at the end of Q1-2021, including a very significant 1708% increase in Time Charter Revenue to US$2.3 million from USD125,000 in the same period last year.
The addition of the tugboat fleet is in line with the Company’s business diversification target, the T&B segment managed to obtain new contracts and expansion into bauxite transportation in the first quarter in the West Kalimantan area, in addition to the transportation of nickel and coal commodities. The target of diversification of multi-cargo transport other than coal is 29% from the MV segment of about 17%, and the T&B segment by 12%.
As the last agenda in the annual meeting is to approve the buyback of the Company’s shares as many as 300 million shares or 5.5% of the issued and fully paid-up capital, will be carried out gradually from June 17, 2021 – June 16, 2022. President Director, Iriawan “Alex” Ibarat said, ”Buyback is based on the Company’s cash flow that exceeds the amount required in sustaining the improvement and growth, a good level of a debt obligation(leverage) and aims to increase earnings per share, greater flexibility in managing long-term capital, achieving an efficient capital structure and a sustainable Return on Equity.”
https://www.ptpss.co.id/wp-content/uploads/2019/08/Logo_PSS-TBK-HR.png00Hariman Chalidhttps://www.ptpss.co.id/wp-content/uploads/2019/08/Logo_PSS-TBK-HR.pngHariman Chalid2021-06-25 15:11:412021-06-25 15:19:32ANNUAL GENERAL MEETING OF SHAREHOLDERS
PT Pelita Samudera Shipping Tbk (IDX Code: “PSSI”) collaborates with Shipping Occupational Health Center (BKKP) Director General of Sea Transportation Ministry of Transportation, for medical and health services of employees and crew of PSSI.
With this collaboration, PSSI entrusts periodic health checks of its employees and crew to BKKP including for the prevention of COVID-19 and health protocols on board. This collaboration is to create an environment of healthy and productive workers, as well as to improve and maintain the degree of physical, mental &social health of employees and crew aboard PSSI. Thank you to the Head of BKKP, Dr. Hesti Ekawati, M.MTr for the collaboration.
https://www.ptpss.co.id/wp-content/uploads/2019/08/Logo_PSS-TBK-HR.png00Hariman Chalidhttps://www.ptpss.co.id/wp-content/uploads/2019/08/Logo_PSS-TBK-HR.pngHariman Chalid2021-06-25 14:47:192021-06-25 14:47:19PSS Collaborates with Shipping Occupational Health Center (BKKP) Director General of Sea Transportation Ministry of Transportation
PT Pelita Samudera Shipping Tbk (IDX Code: “PSSI”) continues to conduct the COVID-19 vaccination program for its employees as a part of the company’s commitment to the health and safety of employees and their families.
PSSI collaborated with the Center for Occupational Health of Shipping, Directorate General of Sea Transportation Ministry of Transportation by targeting the community and maritime workers. President Joko Widodo also attended the event to witness the implementation of vaccination on the first day of the program at Tanjung Priok port last Thursday (10/6).
Vaccination for PSSI employees was conducted in groups, starting on June 10, 2021, using the Astra Zeneca vaccine.
PSSI management always ensures the implementation of all health protocols and continuous efforts in mitigating the spread of covid-19 in all work areas. Since the beginning of the pandemic, Swab Test Covid-19 for employees is also routinely conducted every month.
The Board of Directors of PT Pelita Samudera Shipping Tbk (IDX: “PSSI”), a logistics and marine transportation solution provider integrated in the transportation of coal and minerals, attended the handover ceremony of 1 unit of Tug boat named JKW Pelita 1 on Wednesday (2/6) in Pangkalpinang, Bangka Belitung Islands. JKW Pelita 1 is produced at PT Pahala Harapan Lestari (PHL) shipyard, with a production cost of around Rp13.6 billion. JKW Pelita 1 production began on December 8, 2020, to pursue business expansion targets in the second quarter of 2021.
JKW Pelita 1 has a gross tonnage weight of 213 GT and will be managed by 10 crew. The dimensions of the tugboat are 27 meters long, 8.2 meters wide, and 4 meters high. The power of the JKW Pelita 1 engine can produce up to 2200 horsepower and go at a maximum speed of up to 12.50 knots. Before being handed over, JKW Pelita 1 underwent series of tests on the Pangkal Balam river, Pangkalpinang, May 27, 2021.
The addition of JKW Pelita 1 is part of PSSI’s sustainable fleet expansion program. In Q1/2021, PSSI has also completed the purchase of 1 unit of Tugboats. The expansion of the tugboat fleet immediately showed the results, where the T&B segment of PSSI reached utilization at 89.2% and contributed the highest Operating Income of US$8.7 million at the end of Q1-2021, including a very significant increase of 1708% in Time Charter Revenue to US$2.3 million from US$125 thousand in the same period last year. This was 39% of total Time Charter Revenue at US$5.7 million in the first quarter.
The addition of these 2 tugboats is in line with the Company’s business diversification target, the T&B segment managed to obtain new contracts and expansion into bauxite transportation in the first quarter in the West Kalimantan area, in addition to the transportation of nickel and coal commodities. The target of diversification of multi-cargo transport other than coal is 29% from the MV segment of about 17%, and the T&B segment by 12%.
President Director, Iriawan “Alex” Ibarat said, “as of the end of Q1 2021, the Company’s fleet of 89 units consists of 41-units of tugs and 39-units of barges (TNB), 3-units of Floating Loading Facilities (FLF), and 6-units of MV. The Company targets to purchase several sets of T&B and Floating Cranes in the second semester as part of the capital expenditure target in 2021 of US$21 million.” Alex concluded
The Company continues to take strategic steps to take advantage of global market conditions that are slowly starting to recover. With the strength of the current fleet, all assets are expected to provide profitable and sustainable investment results. The 2021 revenue target is around 30% – 35% of Time Charter Revenue.
https://www.ptpss.co.id/wp-content/uploads/2019/08/Logo_PSS-TBK-HR.png00Hariman Chalidhttps://www.ptpss.co.id/wp-content/uploads/2019/08/Logo_PSS-TBK-HR.pngHariman Chalid2021-06-10 15:11:302021-06-10 15:11:30EXPANSION OF 2 TUGBOATS IN SEMESTER I, PELITA SAMUDERA SHIPPING READY TO ACCELERATE REVENUE GROWTH IN 2021
