PT Habco Trans Maritima Tbk (HATM), a sea transportation company, signed a cargo transportation contract with Guang Ching Nickel and Stainless Steel (GCNS), part of the Tsingshan Group for a duration of 7 years. The amount of cargo transported for Tsingshan or GCNS reaches 4.2 million matrix tons (MT) per year with a potential revenue contribution of IDR 475 billion per year. Thus, for 7 years PT Habco Trans Maritima Tbk (HATM) has the potential to earn IDR 3.3 trillion in revenue.
"This collaboration is effective as of January 2023," said Main Director of PT Habco Trans Maritima Tbk (HATM) Andrew Kam, quoted by Investor Daily Monday (13/2/2023). He said the company upholds HATM's good relations with Tsingshan and GCNS. "This long-term transportation contract will be a symbol for HATM to prioritize and maintain the level of customer trust," he said.
PT Habco Trans Maritima Tbk (HATM) is a company specializing in the operation of bulk carrier vessels which is part of integrated maritime solutions for the holding company PT Habco Primatama. Head of Energy Procurement Manager, Tsingshan Group Sam Song said Tsingshan Group is happy to work with PT Habco Trans Maritima Tbk (HATM), because it is responsive in communicating what is needed.
"Tsingshan Group wants to have a long business partnership with Habco Trans Maritima to support our business in Indonesia," he said. In a recent disclosure of information on the Indonesia Stock Exchange (IDX), HATM signed a credit agreement with BCA worth IDR 150 billion. The funds are used to purchase a new fleet of ships. PT Habco Primatama was founded in 1991 and has developed a sea transportation business from upstream to downstream. Habco Group's services focus on maritime logistics such as barging, stevedoring, floating cranes, docking and shipyards. The shipping sector, especially bulk carrier services, has a mid-to-high barrier to entry due to high demand for vessels and rising prices for iron materials. It is predicted that the number of bulk carrier fleet will only increase by 0.9% during the coming 2024-2026.
Source: https://www.beritasatu.com/ekonomi/1032394/habco-trans-raih-kontrak-dari-tsingshan-group-rp-33-t
