JAKARTA - PT Samudera Indonesia Tbk (SMDR) has budgeted capital expenditure (capex) for 2019 of US$ 180 million. The plan is the capex will be allocated to the port sector (44%), shipping (42%), logistics (11%) and property (3%).
SMDR has a strong commitment to participate in realizing a reliable and efficient logistics sector by participating in the construction of logistics infrastructure. One of the priorities to pursue is to answer the challenges of high logistics costs.
One of the strategic plans that has been prepared is participation in the tender for managing Patimban Port in West Java. SMDR welcomed the government's plan to provide opportunities to the private sector in managing the port. With long experience in managing container ports in Tanjung Priok and Samarinda, SMDR believes that it has good credentials in managing Patimban Port. SMDR is also ready to collaborate with national partners and Japanese partners in this project.
Meanwhile to work on other opportunities in the port sector, Samudera Indonesia and MMC Corporation Berhad (Malaysia's largest port operator, controlling one of the largest transhipment ports in Asia), agreed to explore a strategic collaboration plan between the two parties.
In developing shipping business capacity, SMDR remains optimistic and selectively working on opportunities in Indonesia and Asia. One of the priorities now is to maximize the more promising tanker segment. For this reason Samudera will rejuvenate tankers to serve at least three target markets, namely cargo Crude Palm Oil (CPO), chemical products, and biodiesel. (LM)