Our Fleet

We manage a diverse fleet of dry and wet tonnage and commenced a new-building program at KTU Shipyard, Batam for a series of General Cargo vessels in 2021. The first vessel was completed end 2023 and delivered to her time charterers, a major German operator. The second vessel is expected to be delivered February 2024 and is under a contract with the same charterers.

We currently manage in Indonesian waters a fleet of three tankers and one cement carrier, having successfully managed in the past as Miniships, chemical carriers and general cargo vessels.

At the same time we manage seventeen tugs and barges under a long time charter agreement with a major Indonesian operator. Our tugs operate in long hauls and transshipment services. The number of units is expected to reach a total of thirty by end 2024.

We have been entrusted by KTU of Indonesia, our ship building partner, to investigate the potential of low draft tankers for the Indonesian trade including a combination carrier and we presently evaluate concept and basic designs.