Coal shipping issuer PT Habco Trans Maritima Tbk. (HATM) signed a contract with PT Dwi Guna Laksana Tbk. (DWGL) for a three-year cooperation.

HATM President Director Andrew Kam said, even in the climate of economic recession in 2023, HATM's business activities are still strong and increasing.

"Answering the request of one of HATM's main clients, Dwi Guna Laksana and HATM have signed a transportation contract effective as of January 2023 to run for the next three years," he explained in a press statement, Thursday (5/1/2022).

Meanwhile, the final customer of DWGL is the State Electricity Company (PLN), a cooperation contract is carried out to maintain the level of coal supply and energy availability in Java and Bali.

In the agreement, the amount of cargo to be transported for DWGL will reach 750,000 MT per year with a potential revenue of up to IDR 110 billion per year.

DWGL Shipping and Logistic Manager Edy Syaifullah added that with the support of a fleet of barges in various sizes in accordance with the specifications of the PLTU POD, HATM is able to provide reliable and fast shipping services and competitive prices is one of the reasons for the cooperation with DWGL.

Andrew said that despite entering the climate of economic recession in 2023, HATM plans to increase and accelerate the procurement of a fleet of ships to answer domestic demand that is still strong from the original plan to budget growth of up to 10 ship fleets by 2028.

"The amount of cargo carried by the Company's three ships increased from 2.4 million tons in 2021 to 2.66 million tons in 2022. Habco Aquila will contribute quite a lot in 2023 although it is still not optimal enough," said Andrew.

Image source: Istimewa

Source: https://market.bisnis.com/read/20230105/192/1615428/habco-hatm-teken-kontrak-dengan-dwgl-angkut-batu-bara-ke-pln