Pelindo II books Rp 1.6t in net income as cargo traffic surges
Friday, 24 February 2012 | 00:00
State-owned port operator Pelindo II booked Rp 1.6 trillion (US$176 million) in net profits last year, a 33 percent jump from Rp 1.2 trillion in 2010, on the back of a surge in cargo traffic at the company’s ports.
The company’s president director Richard Joost Lino said in Jakarta on Wednesday that cargo traffic had increased sharply last year due to improvements in handling facilities at the company’s 12 ports across the country, especially in the main gateway, Tanjung Priok Port.
“We want to be a world-class port operator. Thus, we have to improve our service,” Lino said.
In the last few years, the company has spent nearly US$250 million on new container loading cranes and a vessel traffic information system for Tanjung Priok and implemented a 24-hour port operation system.
As a result, a ship with a capacity of 5,000 20-foot equivalent unit (TEU) containers is now able to dock at Tanjung Priok Port everyday, he said. With the increase in the cargo traffic, the company managed to book a 41 percent increase in total revenues, climbing to Rp 5.12 trillion in 2011 from Rp 3.6 trillion in 2010.
In order to further improve handling capacities at its ports, Pelindo increased its investment by 36 percent to Rp 1.5 trillion in 2011 from Rp 1.1 trillion in 2010. “We need to improve our services so that the distribution system in the country can also be improved, and to help cut the high costs of logistics,” he said.
According to the Indonesian Logistics Association (ALI), Indonesia’s logistical costs are between 25 and 30 percent of the GDP, among the highest of any Southeast Asian country.
That figure is higher than in Thailand and Singapore, which stand at 16 percent and 10 percent, respectively.
The 2010 World Bank Logistics Performance Index ranked Indonesia 75th of 155 countries surveyed, far behind Malaysia (29), Thailand (35), the Philippines (44) and Vietnam (53).
Besides the development of North Jakarta’s Kalibaru Terminal and the Sorong Port in West Papua, the company is also building a car terminal in the Priok Port and new dry bulk terminal in Ciwandan, Banten.
He said that the car terminal’s capacity will be increased in order to be able to accommodate 750,000 cars. Currently, the terminal is only able to receive 250,000 cars.
“We are also setting up six subsidiaries to improve the efficiency of our operations and to help accelerate infrastructure development designed to handle surging export and import activities,” he said.
The subsidiaries, which begin operating this year, include PT Pengembang Pelabuhan Indonesia (PPI) that will manage Kalibaru and Sorong, PT Terminal Peti Kemas Indonesia (TPKI) to manage bulk terminals, PT Marine Services to improve port services, PT Maintenance to manage port maintenance, Indonesian Logistic Community System (ILCS) and a logistic and shipment school Port Logistics Institute.
Pelindo II on Wednesday also introduced its new logo, “Indonesia Port Corporation” (IPC), with a new motto of “Energizing Trade, Energizing Indonesia”.