Jakarta – PT Pertamina International Shipping (PIS) claims that until October 2024, it has succeeded in reducing 41.4 kilotons of CO2e, exceeding the annual target of 29 kilotons and contributing to efforts to reduce carbon emissions. PIS stated this in a press statement, Wednesday, December 25.
PIS currently operates a fleet of more than 700 vessels, including 106 self-owned tankers, whose average age is getting younger, thanks to the addition of 11 new vessels through 2024. These include four Very Large Gas Carriers (VLGC): Pertamina Gas Tulip, Bergenia, Caspia, and Dahlia.
“With a fleet of VLGCs with an average age of 3.42 years, PIS not only improves operational reliability but also strengthens its position as a major player in the global energy transportation sector,” explained PIS CEO Yoki Firnandi.
In the first half of 2024, PIS posted a net profit of USD 280.9 million, up 103 per cent compared to the same period last year. Revenue reached US$1.72 billion, driven by business diversification and operational efficiency.
Throughout 2024, PIS recorded achievements by transporting more than 161 billion litres of fuel and LPG through 20,000 trips across the archipelago. “We ensure that every litre of energy can flow unhindered from Sabang to Merauke, making Indonesia’s oceans the main route of energy that drives the nation’s economy,” Yoki said.
PIS aims to reduce carbon emissions by 32 per cent by 2034 through fleet modernisation and the implementation of dual-fuel technology. “These low-emission technology tankers are part of our commitment to support the energy transition,” Yoki said.
As proof of its commitment to sustainable practices, PIS achieved a BBB score from MSCI for the oil and gas transportation category, making it the best achievement in the national shipping sector.
“This achievement shows that business success can go hand in hand with environmental responsibility and sustainability. We are optimistic that this spirit will continue to bring great results in the future,” Yoki concluded.
Yoki explained that PIS is developing its green business, with a target for revenue from this sector to rise to 34 per cent of its total revenue. This diversification includes the transportation of LNG, LPG, ammonia, and chemicals such as methanol and caustic soda.
“We are also examining the potential of dry bulk cargo to expand operations. This move is supported by PIS’s increasingly strong international network, with 60 fleets operating on 65 global routes,” Yoki said.
In addition to sea transportation, PIS manages six strategic energy terminals through PT Pertamina Energy Terminal (PET), which can accommodate up to 922,000 kiloliters of fuel and 284,500 metric tons of LPG. One of the terminals, LPG Terminal Tanjung Sekong, serves up to 40 per cent of national LPG needs. (Hartatik)
