Monday, October 14, 2024

CSI and PIS sign MoU to explore strategic partnership in marine logistics

Reading Time: 2 minutes
Julian Isaac

Journalist

Editor

Interview

PT Chandra Shipping International (CSI), a subsidiary of PT Chandra Daya Investasi (CDI) in the shipping and logistics sector, has signed a Memorandum of Understanding (MoU) with PT Pertamina International Shipping (PIS) to explore a feasibility study for potential collaboration in chemical, bitumen, and other maritime transport and logistics operations.

CSI, as part of the Chandra Asri Group, focuses on infrastructure development, including energy, water, port services, and shipping.

The partnership is expected to identify opportunities to enhance efficiency, sustainability, and global reach in maritime transport, supporting both companies in optimizing their operations.

The MoU was signed by Lingga Widastri, President Director of CSI, and Arief Sukmara, Director of Gas, Petrochemicals, and New Business at PIS. The signing was witnessed by Ruly Aryawan, Director of Supply Chain at Chandra Asri Group, and Muhamad Resa, Director of Risk Management at PIS, in Jakarta on Friday, October 4, 2024.

This potential collaboration aims to elevate service standards, particularly in chemical, bitumen, and other maritime logistics transportation.

Additionally, the partnership is expected to contribute to environmental sustainability through the adoption of eco-friendly technologies.

Erwin Ciputra, President Director of Chandra Asri Group and CEO of CDI, emphasized that this partnership seeks to significantly enhance maritime transport services by leveraging efficient and sustainable shipping solutions.

“This initiative is expected to not only improve Chandra Asri Group’s ability to deliver products more efficiently but also enable various industries to benefit from the global maritime services we offer,” he said as quoted on Friday, October 11, 2024.

Arief Sukmara of PIS highlighted that the collaboration would strengthen Pertamina International Shipping’s position in both domestic and international markets, particularly in the petrochemical transportation sector and other industrial segments.

The feasibility study will focus on exploring ways to synergize supply chain operations, optimize technology, and integrate eco-friendly solutions to enhance efficiency and sustainability.

Both parties hope this study will set new benchmarks in the maritime logistics sector, foster innovation, and improve industry standards in Indonesia’s maritime sector.

Julian Isaac

Journalist

 

Editor

 

Interview

SUBSCRIBE NOW
We will provide you with an invoice for your reimbursable expenses.

Free

New to Indonesian market? Read our free articles before subscribing to the premium plan. If you already run your business in Indonesia, make sure to subscribe to the premium subscription so you won’t miss any intelligence & business opportunities.

Premium

$550 USD/Year

or

$45 USD/Month

Cancelation: you can cancel your subscription at any time, by sending us an email inquiry@ibp-media.com

Add keywords to your market watch and receive notification:
Schedule a free consultation with us:

We’ll contact you for confirmation.

FURTHER READING

State power utility PT PLN has voiced its readiness to support the government in creating a sustainable investment ecosystem for the sake of national economic growth.
PT Bank Negara Indonesia (BBNI) has addressed the speculation surrounding Sea Group, the parent company of Shopee, potentially becoming a minority shareholder in PT Bank Hibank Indonesia. Sea Group, currently BNI’s IT partner, has also been collaborating with Hibank in the field of technology, and rumors are rife about their possible involvement as a stakeholder.
PT Summarecon Agung (SMRA) has injected an additional Rp485.57 billion (US$31 million) into its subsidiary, PT Summarecon Property Development (SMPD), as part of a strategic move to bolster its growth.
Laode Masihu, a key member of the economic team for president-elect Prabowo Subianto and vice president-elect Gibran Rakabuming Raka, has highlighted data centers as a lucrative business model and a prime investment opportunity for the future.
President Joko “Jokowi” Widodo has called for an urgent increase in the country’s oil lifting amidst concerns over declining domestic production. He emphasized that the recent downward trend in oil lifting, also known as volume of oil transported, is placing financial strain on the nation as it leads to higher petroleum imports, depleting foreign exchange reserves.
An economist, who is also a member of the Prabowo Subianto-Gibran Rakabuming Rama National Election Team’s Expert Council, Drajad Wibowo, has warned against the potential backfire should the government continue with its plan to increase the Value Added Tax (VAT) by 12 percent next year.