Currently PT Pertamina International Shipping (PIS) is one of the largest integrated shipping and marine companies in Southeast Asia. This company runs a shipping business, shipping services, ports and services, as well as logistics and storage.
PT Pertamina International Shipping (PIS) brought in two new tankers made by Hyundai, South Korea. The tanker is specifically for transporting LPG and ammonia cargo. PIS Main Director, Yoki Firnandi, revealed the reason for bringing in two new tankers in the form of Very Large Gas Carriers (VLGC). He sees the potential for the LPG and ammonia transportation business as having great potential. “This is the largest LPG tanker in the world. The price is US$ 110 million each. The area is about 1.5 times the size of a football field,” he said.
World LPG trade volume is projected to grow 13 percent in the next 5 years. Meanwhile, LPG imports from four large countries in Asia, namely China, Japan, South Korea and India are projected to increase by 35.4 percent in 2028, from 68.7 million tons to 98.31 million tons.
In Indonesia itself, demand for LPG for household needs will increase by an average of 3.9 percent per year until 2030. Meanwhile for ammonia, trade volume is projected to increase by an average of 22.5 percent per year until 2028. This is due to the increase in the need for ammonia for low carbon fuel.
These conditions and opportunities made PIS bring in two new tankers carrying LPG and ammonia. The two tankers imported by Pertamina were named VLGC Pertamina Gas Tulip and VLGC Pertamina Gas Bergenia. So, these two tankers are also a development of the PIS business for transporting green fuel.
To procure these two tankers, PIS collaborated with BGN International, which is one of the world’s largest LPG trading companies headquartered in Dubai, United Arab Emirates. The two tankers are owned by two companies with a 50:50 share under the umbrella of one company called PIS Polaris Plc. The price of these tankers is US$ 110 million each, with a carrying capacity of 91,000 cubic meters each.
PT Pertamina International Shipping (PIS) currently operates on more than 50 international routes. This logistics subholding from PT Pertamina (Persero) has around 97 of its own tankers and operates more than 300 vessels for national and international business.
January 9, 2024, CNBC Indonesia
(https://www.cnbcindonesia.com/news/20240109145458-4-504152/ekspansi-pertamina-shipping-tambah-2-tanker-raksasa-lpg-amonia)