Tag: Pertamina International Shipping (PIS)

PIS with BGN Adds Two Giant Gas Tankers, Supporting Energy Resilience and Global Market Expansion for Indonesia

Pertamina International Shipping (PIS) has strengthened its fleet by adding two Very Large Gas Carriers (VLGC), giant gas tankers optimized for transporting LPG both domestically and internationally. Named the VLGC Pertamina Gas Tulip and the VLGC Pertamina Gas Bergenia, they are among the world’s largest gas tankers, environmentally friendly and using the latest technology.

The twin tankers, each spanning twice the length of a football field, were constructed at Hyundai Samho shipyard in South Korea and officially launched on Tuesday, January 9th. The ownership of these tankers is a result of the collaboration between PIS and BGN, the global energy and commodities trading company, which commenced in December 2022 and accelerated with the signing of an agreement in October 2023.

The launch of these new vessels was officiated by the President Director of PT Pertamina (Persero) Nicke Widyawati, Group CEO of BGN Ruya Bayegan, President and CEO of Hyundai Samho Heavy Industries Shin Hyeon Dae, CEO of Pertamina International Shipping (PIS) Yoki Firnandi, and witnessed by Pertamina Commissioner Iggi Haruman Achsien and PIS Commissioner Lina Santi.

“The presence of these two VLGC ships will undoubtedly enhance the capability of the Pertamina Group in securing energy supplies to support national energy resilience. Their cutting-edge technology is evidence of Pertamina Group’s commitment to sustainable business,” said Pertamina’s President Director Nicke Widyawati.

The latest VLGCs, said Nicke, have also been qualified to sail internationally, thereby expanding Indonesia’s presence in the global shipping arena.

Ruya Bayegan, Group CEO of BGN, added: “We are delighted to see these two modern, efficient ships on the water, thanks to our collaborative partnership with PIS. We are pleased to help strengthen the energy security of Indonesia at the same time as supporting BGN’s global energy and commodities trading platform with these maritime assets.”

Yoki Firnandi, CEO of PIS, said that as the Sub-Holding Integrated Marine Logistics (SH IML) of Pertamina, PIS plays a crucial role in ensuring the national energy distribution of Indonesia, an archipelagic country where nearly two-thirds of its territory is ocean.

PIS plans to continue expanding its tanker fleet for transporting LPG and other gas commodities. “We plan to add 6 VLGCs in 2024, starting with these 2 VLGCs at the beginning of the year, which will further strengthen PIS’s position in the global LPG transportation business. The purchase of these environmentally friendly VLGCs is in line with our mission to be a maritime logistics company supporting Indonesia’s NDC target by 2030,” Yoki said.

The vessels’ sustainability advantages that contribute to the global energy transition include having dual-fuel tanks, enabling the optimization of low sulfur fuel and gas. The vessels can transport not only gas or LPG but also petrochemical commodities such as ammonia.

The latest technology on VLGC Pertamina Gas Tulip and Pertamina Gas Bergenia is said to improve the ship’s speed with even more efficient fuel usage, up to 16%. Moreover, these vessels have incorporated Artificial Intelligence (AI) and Augmented Reality (AR) technologies into their operations.

The names Tulip and Bergenia were chosen as they hold special meanings for PIS, which may also be applied to BGN. The Tulip symbolizes magnificence, while Bergenia signifies strength.

With the addition of these vessels, PIS’s fleet now totals 97 units, including 61 tankers operating internationally. “We are optimistic that this number will continue to grow in the future, in line with the company’s targets,” concluded Yoki.

Media Contacts:
Muh. Aryomekka Firdaus
Corporate Secretary, 
PT Pertamina International Shipping
E: aryomekka@pertamina.com
U: https://pertamina-pis.com 

Giles Broom
Global Head of Communications,
BGN International
E: mediabgn@bgn-int.com
U: https://bgn-int.com

PIS and KARPOWERSHIP Forge a Strategic Partnership for Sustainable Energy Infrastructure

Pertamina International Shipping (PIS) and KAPOWERSHIP are proud to announce the formalization of a groundbreaking General Partnership Agreement (GPA) to develop critical energy infrastructure in Indonesia.

The partnership was formalized during the COP28 in Dubai, Friday (1/12), signifying the parties’ joint commitment to providing cleaner, more accessible energy solutions on a global stage.

The agreement, signed by CEO of PIS Yoki Firnandi, and DoÄŸan Karadeniz, founding partner of KARPOWERSHIP. The signing moment was witnessed by President Director of PT Pertamina (Persero) Nicke Widyawati and Rabin Indrajad Hattari, the permanent secretary at the State-Owned Enterprises (SOE) Ministry of Indonesia.

Under the GPA, both entities will join forces to explore and implement various initiatives aimed at advancing the energy landscape in Indonesia and beyond. The key focus areas include power generation opportunities with a special focus on cutting-edge Powership technology; unlocking gas assets through liquefaction with a great potential of a Floating Liquefied Natural Gas (FLNG) development and deployment; collaborating on LNG infrastructural projects including Floating Storage and Regasification Units (FSRUs) and small-scale LNG distribution.

Both parties will also work together on extensive studies for the development of alternative fuel sources, including hydrogen, ammonia, methanol, and other biofuels. This reflects a shared commitment to exploring sustainable, cleaner energy solutions.

Nicke Widyawati, President Director of PT Pertamina (Persero), highlighted this collaboration between PIS and KARPOWERSHIP was a form of commitment to the energy transition to ensure Net Zero Emissions 2060.

“Collaboration is about exploring other business opportunities to optimize existing assets, such as floating mini-LNG and floating CNG facilities. We believe this development is the key to the energy transition because gas is a bridge to renewable energy,” Nicke added.

Highlighting the strategic importance of this collaboration, the founding partner of Karpowership DoÄŸan Karadeniz said: “We look forward to working together with PIS both in Indonesia and Southeast Asia and supporting countries in their important energy transition paths.”

This collaborative venture is poised to drive positive change in the energy sector, combining Karpowership’s expertise in efficient modular power generation with PIS’s commitment to supporting ongoing energy transition and sustainable energy initiatives. The partnership also establishes a flexible framework for both parties to explore lucrative business that contribute to the country’s economic development while simoltaneuosly accelerating the global transition to cleaner and more sustainable energy sources.

About KARPOWERSHIP:
The energy transition company Karpowership is the pioneer of the modern Powership. With over 25 years of experience in the floating power plant industry, Karpowership has over 6,000 MW of installed capacity globally via its Powerships and onshore plants, as well as a fleet of floating LNG infrastructure which includes LNG carriers and floating storage and regasification units (FSRUs). Operating in 14 different international markets across 4 continents, Karpowership provides a fast, flexible, and reliable solution to energy demand, and can provide base load, mid-merit, or peak-shaving electricity generation capacity to a host’s grid. As a plug-and-play solution, the company’s Powerships can deploy and begin generating electricity in as little as 30 days.

About PIS:
PT Pertamina Internasional Shipping (PIS) as a Sub-holding of Integrated Marine Logistics (IML) PT Pertamina (Persero) carrying out all shipping, marine services, and logistics businesses. Serving Pertamina Group, PIS shows its track record and expertise in distributing energy across the Indonesia’s waters. PIS owns more than 400 vessels including 96 owned tankers, 6 fuel and LPG storage terminals and operates 140 ports. With extensive and comprehensive services, PIS aggressively expands its non-captive market and already sailing in 50 international routes throughout the globe. Continuously strengthen the company with highly capable, experienced professionals, and wide-ranging fleet and facilities, PIS is committed to delivering excellent services.

For media inquiries or further information, please contact:
Muh. Aryomekka Firdaus
Corporate Secretary of PT Pertamina International Shipping
M.: (+62) 811-872-272
E.: aryomekka@pertamina.com

Pertamina International Shipping (PIS) Partners Energy Trader BGN, Expanding Global Fleet of LPG Carriers

PT Pertamina International Shipping (PIS) has once again engaged international partners to expand its presence in the global market and explore additional business opportunities in support of energy supply and security.

The signing took place at ADIPEC (Abu Dhabi International Petroleum Exhibition and Conference) 2023, the world’s largest energy exhibition and conference.

PIS has signed an agreement with BGN, a leader in global energy, in which the two companies outlined prospective collaborations that span joint ownership of Very Large Gas Carrier (VLGC) vessels, LPG cargo transportation, vessel leasing, amongst others, establishing the foundation for an enduring partnership. The first two vessels may be delivered as early as the first quarter of 2024.

With a current fleet size of 97 vessels, this deal further strengthens PIS’s position as a key player in the maritime industry. It also reinforces BGN’s position as an emerging maritime asset owner, with a growing number of LPG carriers in its fleet to facilitate the company’s trading operations.

BGN, present in 23 countries including offices in Dubai, Geneva, Houston, Rotterdam and Singapore, is a significant LPG trader and is a supplier to Indonesia.

The signing took place at ADIPEC (Abu Dhabi International Petroleum Exhibition and Conference) 2023, the world’s largest energy exhibition and conference, where this year’s theme is “Decarbonising. Faster. Together.” It was hosted at the Indonesian Pavilion led by SKK Migas (Special Task Force for Upstream Oil and Gas Business Activities).

The collaborative agreement was signed by PIS CEO Yoki Firnandi, and BGN CEO Ruya Bayegan, and witnessed by the Head of SKK Migas Dwi Soetjipto, Independent Commissioner of PT Pertamina (Persero) Iggi H. Achsien, Technical Advisor at Ministry of Energy and Mineral Resources Nanang Untung, Special Advisor to Minister for Acceleration of Infrastructure Development and Investment at Ministry of Energy and Mineral Resources Triharyo Susilo, Vice President SKK Migas Erwin Suryadi, and other distinguished guests, along with BGN’s head of shipping Ozan Turgut and other senior executives.

“The collaboration on VLGC and LPG cargo businesses with BGN is a tangible expression of PIS’s commitment to expand LPG commodity businesses and increase PIS’s share in its non-captive market, to strengthen national energy security,” stated Yoki.

BGN CEO Ruya Bayegan added “BGN excels at strong business partnerships and we are pleased to move forward with this new arrangement with Pertamina International Shipping (PIS). BGN’s collaboration with PIS will further enhance our maritime fleet to facilitate our growing energy trading business, cementing our position as a significant LPG trader, as well as supporting the Indonesian energy system.”

PIS and BGN have also been contributing to the vibrancy of ADIPEC 2023, which gathers together the global players in the oil and gas industry and supports the key themes of the forthcoming COP28 climate summit that will also take place in the UAE. This year’s ADIPEC has attracted participation from over 2,200 companies representing 30 countries worldwide, with a total of more than 15,000 delegates and 160,000 attendees.

About Pertamina International Shipping (PIS) Pte Ltd
As an Integrated Marine Logistics Subholding, PT Pertamina International Shipping (PIS) supports Indonesia’s economic growth through safe and sustainable operations, becoming a trusted and reliable maritime partner. Besides a total of 750 owned ships, PIS manages time and spot charters that can be leased through e-chartering. See https://pertamina-pis.com

About BGN International
As a leading energy companies, BGN efficiently conducts trading, storage, and transportation of petroleum products, petrochemicals, and commodities worldwide. Our integrated business model ranges from oil and gas trading and distribution to financing energy projects. Thanks to our established relationships with refineries, producers, state oil companies and international traders, we are present throughout the energy value chain. We also invest in infrastructure development to enhance our trading activities. Visit https://bgn-int.com.

Media Contact
Suh. Aryomekka Firdaus
Corporate Secretary, PI
M: +62 (0) 811 872 2722
E: aryomekka@pertamina.com

Giles Broom
Global Head of Communications, BGN
M: +41 (0) 79 468 6499
E: mediabgn@bgn-int.com

Signing Contracts for US$49.3M, PIS (Pertamina) Now Sails across 26 International Routes

PT Pertamina International Shipping (PIS), through its branch office in Dubai, PIS Middle East (PIS ME), has achieved another success by simultaneously signing four business cooperation agreements with global players.

PIS Pte Ltd (DMCC Branch) – PIS Middle East has signed business cooperation agreements with global players, namely with Gas Walio, Gas Widuri, Gas Arjuna and Gas Ambalat, for 4 vessels owned by PIS.
Erwin Paulian Sihombing, Commercial, PIS Pte Ltd (DMCC Branch) – PIS ME; Ugo Romano, Managing Director, Scorpio MENA DMCC (Neptune Pool); Andra Otmansyah Pelawi, Country Manager & Middle East Representative, PIS Pte Ltd (DMCC Branch) – PIS ME [L-R]

PIS ME signed the deals for 4 vessels owned by PIS – namely the Gas Walio vessel, Gas Widuri vessel, Gas Arjuna and Gas Ambalat vessels. The Gas Arjuna and Ambalat vessels are chartered by SHV Gas Supply & Risk Management, the Gas Walio vessel is chartered by Geogas Trading S.A, and the Gas Widuri vessel is chartered by Vitol S.A.

“The signing of this cooperation signifies the success of PIS ME’s aggressiveness in increasing revenue in the international market, as well as proving the reliability of PIS’s fleet which is qualified to sail in global scale waters,” said PIS CEO Yoki Firnandi at the signing ceremony on Tuesday, July 25.

The total transaction value for the four ship deal reached US$49.34 million, or the equivalent to Rp740.15 billion (dollar exchange rate of Rp15,000) with different contract durations ranging from 6 months to 3 years. The contracts also provided for new international routes and countries for the PIS fleet, including Chile (South America), Puerto Rico (USA), Dominican Republic (Caribbean), Tanzania, Poland, and Portugal.

Country Manager of PIS ME Andra Pelawi added that in addition to the successful commercialization of the four vessels, PIS ME has broken new business ground which will add to the company’s revenue potential. “Pertamina has, through PIS ME, entered Tankers International Pool, and a TC Syndication scheme with Scorpio for a Neptune VLGC vessel in the pool. PIS will have the potential for vessel rental at international market rates,” he said.

Through this breakthrough scheme by PIS, carried out initially during the second quarter of 2023 (since the VLGC vessel entered the pool in early May, through to the end of the quarter), PIS ME managed to realize a profit of around US$865 thousand, or the equivalent to Rp12.97 billion (dollar exchange rate of Rp15,000).

About PT Pertamina International Shipping (PIS) Pte Ltd
PT Pertamina International Shipping (PIS) as an Integrated Marine Logistics Subholding, has a total of 750 ships. Besides the owned ships, PIS also manages time charter and spot charter that can be rented through e-chartering. PIS ME is the second representative branch office of PIS located abroad, being established December 23, 2022. See https://pertamina-pis.com/.

Media Contact:
Muh. Aryomekka Firdaus
Corporate Secretary
M: +62 0811-872-272
E: aryomekka@pertamina.com

Pertamina International Shipping (PIS) Secures Collaboration Agreements with Global Partners

PT Pertamina International Shipping (PIS) has secured two collaboration agreements with global partners. The signings were held with the inauguration of the PIS branch office in Dubai, UAE (PIS ME) on December 23, 2022.

PIS signed a Heads of Agreement (HoA) with BGN International DMCC (BGN), and a Memorandum of Collaboration (MoC) with Elite Tankship Pte Ltd (Elite Tankship).

The HoA with BGN was signed by the CEO of BGN Group, Ruya Bayegan, and the CEO of PIS, Yoki Firnandi. The agreement addresses a Joint Venture (JV) establishment by the two companies for the acquisition, maintenance, and operation of VLGC (Very Large Gas Carriers) vessels and/or other types of vessels.

BGN, headquartered in the UAE, is one of the world’s largest LPG (Liquified Petroleum Gas) trading companies and the largest LPG importer in Indonesia. “The VLGC business will support BGN’s imports of Pertamina’s LPG. At some point, it might endorse the cargo market of ammonia,” said Commercial Director of PIS, Arief Sukmara.

The MoC with Elite Tankship addresses Clean Petroleum Products (CPP), Dirty Petroleum Products (DPP), gas and other commodities needed in the Middle East, and other areas covered by the parties. The MoC was signed by Elite Tankship CEO Mangish Kakodkar, and PIS Director of Operations and Singapore Managing Director Brilian Perdana.

Elite Tankship, headquartered in Singapore, established collaboration with PIS in chartering the VLCC Pertamina Prime, the largest owned vessel and the company’s pride, in May 2022 for a six-year contract period.

About PT Pertamina International Shipping (PIS) Pte Ltd

As an Integrated Marine Logistics Subholding, PT Pertamina International Shipping (PIS) supports Indonesia’s economic growth through safe and sustainable operation, becoming a trusted and reliable maritime partner, and promoting value for stakeholders through running its businesses. https://pertamina-pis.com/.

Aggresive in Global Market Expansion, PIS Meets BP, Shell, and Exxon in Singapore

Pertamina International Shipping (PIS) is increasingly targeting consumers in the international market. In addition to this expansion, PIS strives to continuously improve the quality and standard of service by exchanging knowledge and experiences with world energy companies.

PT Pertamina International Shipping (PIS), in cooperation with PIS Pte Ltd (PIS PL), hosted a sharing session with BP Singapore Pte. Limited, Shell International Eastern Trading Co (SIETCO), and ExxonMobil Asia Pacific Pte Ltd. The meeting was held at the offices of each energy company on August 24-25, 2022, in Singapore.

PIS, in cooperation with PIS Pte Ltd (PIS PL), hosted a sharing session with BP Singapore Pte. Limited, Shell International Eastern Trading Co (SIETCO), and ExxonMobil Asia Pacific Pte Ltd. The meeting was held at the offices of each energy company on August 24-25, 2022, in Singapore.

During the sharing session, PIS discussed vetting, inspection, and vessel acceptance or vessel examination and inspection. The event was attended by PIS Director of Operations Arief Kurnia Risdianto, PIS PL Managing Director Brilian Perdana, Crude and Gas Operation (CGO) Vice President Harris Abdi Sembiring, and PIS Loss Prevention Safety Quality (LPSQ) Manager Soleh Komaruddin.

BP Singapore Pte Ltd Vetting and Clearance Senior Manager, ExxonMobil Asia Pacific Pte Ltd Asia Pacific Supply Coordinator, ExxonMobil Asia Pacific Pte Ltd Mogas Lead, ExxonMobil Asia Pacific Pte Ltd Global Senior Marine Operations, SIETCO Mogas Operation Team Lead, SIETCO Head of Marine, SIETCO Senior Originator, and more were also in attendance at this meeting.

The meeting was also a PIS endeavor to escalate acceptance of its ships at the terminals of world energy participants such as BP, Shell, and Exxon to showcase the existence and quality of PIS in international settings. In the maritime and energy sectors, these companies are significant participants that dominate the tanker chartering market called the Seven Sisters.

PIS Director of Operations, Arief Kurnia Risdianto, explained PIS performance which has now explored 12 international routes. PIS ships have met international shipping standards, including the Paris MOU for sailing requirements on the European continent and a Certificate of Compliance from the United States Coast Guard (USCG).

“PIS is the largest tanker operator in Southeast Asia, currently operating around 439 vessels with extensive experience serving the domestic and regional market,” he said.

Experience of PIS in serving the regional market is recorded by many international customers, including Vitol, Petronas, Trafigura, BP, Badak LNG, ExxonMobil, Petrobras, Chevron, Saudi Aramco, Shell, and many more.

As the Integrated Marine Logistics Sub Holding of PT Pertamina (Persero), PIS business includes shipping, marine services, port services, port and jetty management (port ownership), storage tanks, and other related services.

PIS owns two VLCCs, namely, Pertamina Pride and Pertamina Prime, with a capacity of 2 million barrels and incurs the Eco-Green Vessel concept. The two VLCCs are tangible manifestations of PIS endeavor to lead the marine and logistics business in both domestic and international markets.

Besides oil and gas, PIS expands its business potential to various segments and cargo types, including petrochemicals with medium-range chemical-specific vessel assets called PIS Precious.

In the meantime, to comply with regional trading and improve its role in the global market, Tanjung Uban offers an integrated terminal managed by the PIS subsidiary.

PIS CEO Erry Widiastono said that the company has prepared a roadmap to support energy transition programs. “PIS will anticipate the future of vessels business, specifically the greener vessels. For example, vessels responsible for gas shipping such as LPG, LNG, and many others. In the future, we will anticipate the progress of the renewable energy sector,” said Erry.

About Pertamina International Shipping (PIS)

As the Integrated Marine Logistics Sub Holding, PT Pertamina International Shipping (PIS) consistently stimulates Indonesia’s economic growth through safe and sustainable operation, becomes a trusted and reliable maritime partner, and promotes value for the stakeholders in running their business. See https://pertamina-pis.com/.

Media Contact:
M Aryomekka Firdaus
Corporate Secretary
M: +62-811-872-272
E: aryomekka@pertamina.com

Indonesian SOE Minister Erick Thohir Inaugurates PERTAMINA PRIDE

State-Owned Enterprises (SOE) Minister Erick Thohir was at the Port of Semangka Bay, Kota Agung, Tanggamus Regency to inaugurate the PERTAMINA PRIDE, the Very Large Crude Carrier (VLCC) commissioned by Pertamina International Shipping (PIS), the shipping sub-holding of PT Pertamina.

Handover of PERTAMINA PRIDE VLCC model replica to SOE Minister Erick Thohir with PT Pertamina President Director Nicke Widyawati and Board of Directors of Pertamina and Pertamina International Shipping (PIS) at the inauguration, Semangka Bay, Lampung (4/15).

The ceremony was held onboard, the Minister joined by Pertamina President Director Nicke Widyawati and Director of Logistics and Infrastructure Mulyono, PIS President Director Erry Widiastono and PIS President Commissioner A. Junaedy Ganieand, and representatives of Pertamina management in Lampung.

Minister Erick said state-owned enterprises must contribute to maintaining Indonesia’s energy security, with its natural wealth and natural products, while Pertamina was expected to help transform its units amid rapid ongoing changes, such as the impact of the COVID-19 pandemic. “Pertamina must remember its heyday in the 70s, become a global player and be ready to compete based on good corporate governance,” said the Minister.

As a consumer-oriented shipping company, PIS continues to strive to meet energy needs by continuing to produce various breakthroughs. One of these is the PERTAMINA PRIDE. Built at the Japan Marine United (JMU) Shipyard since 2018 and sailing since February 9, 2021, this giant tanker was handed over, able to carry out its duties to distribute energy in Indonesian waters.

The tanker, which has a capacity of 2 million barrels, is a tangible form of PIS’s commitment to improving quality and service. The PERTAMINA PRIDE aims to simplify the flow of energy distribution and secure the supply of captive crude to the Pertamina refinery FOB Ras Tanura to Cilacap more efficiently so that it is ready to become the lifeblood of the national energy distribution.

PIS also supports ambitions to become the leading integrated logistics company in Asia, centred on petroleum with new growth industries, integrated logistics and services, and green energy business segments. PIS formed a roadmap strategy of 3 phases, emphasizing the integration of PIS with other Pertamina subsidiaries, becoming an integrated logistics company in Indonesia, and becoming a sustainable and leading energy transportation company in the region.

President Director Nicke said investment in the two new vessels, PERTAMINA PRIDE and the PERTAMINA PRIME (under construction), were in line with shareholder directives to ‘go global’. As a shipping company, Nicke continued, PIS was transforming into a globally integrated logistics solution provider as it not only had the ships, but facilities and storage at the port as well. “Thus, the value chain managed by PIS will also get larger,” she said.

Energy Needs in Indonesia

There is an upward trend in consumption of the various energy and fuels, with Indonesia’s total energy consumption increasing by a 3.5% CAGR from 100.1 million mtoe in 2000 to 185.5 million mtoe in 2018. PIS sees this energy consumption growing each year, from increasing demand for transport fuel to the widespread use of LPG for household needs.

“We see a significant increase in energy consumption in Indonesia, but we are optimistic that we can continue to meet energy needs for the country. The presence of PRIDE in Indonesian waters shows our determination to be a leading shipping company, regionally and internationally. Let’s move towards the future together, ‘Shipping The Energy Worldwide, Energizing The Nation With Pride, PT PIS Delivering Promises,'” said PIS President Director Erry Widiastono.

About PT Pertamina International Shipping (PIS)

PT PIS, a sub-holding company of PT Pertamina (Persero), was established with a vision of becoming the leading shipping company in Asia, and driving economic growth in Indonesia. To realize this vision, PIS is aiming to be an agent of Indonesia’s economic development with safe and sustainable operations, to become a trusted and reliable maritime partner, as well as creating value for stakeholders in running their business.

Media contact:

Roberth MV Dumatubun
E: roberth@pertamina.com
Manager, Stakeholder Relations
Pertamina International Shipping (PIS)
https://www.pertamina-pis.com