Jakarta, July 31, 2024 – Shipping company PT Humpuss Maritim Internasional Tbk. (“the Company”), known by its stock code “HUMI” reported revenue of USD 57.69 million in the first half of 2024. This result represents an 18.18% increase compared to revenue of USD 48.82 million in the first half of 2023.

The main contributors to HUMI’s revenue in the first half of 2024 were chemical tanker services worth USD 28.14 million, liquefied natural gas worth USD 14.86 million, crude oil and fuel worth USD 7.21 million, and offshore support services worth USD 5.07 million.

According to HUMI’s financial report as of June 2024, the company’s profit for the year was recorded at USD 5.18 million in the first half of 2024. This figure is down 50.74% from HUMI’s profit for the year of USD 11.38 million in the first half of 2023, mainly due to the divestment of one of the Company’s subsidiaries at the end of June 2023.

Although HUMI’s profit for the year has declined, vessel utilization during the first half of 2024 operated above the operational plan, averaging over 90%, particularly in the LNG, chemical, offshore support vessel, and tug assists segments in ports.

Tirta Hidayat, President Director of the Company, stated that this revenue achievement was optimally driven by revenue from the chemical transportation sector, which grew by 400% in the vessel charter services segment in the first half compared to last year. “The very significant demand for transporting chemicals from customers drove significant revenue in this first half,” said Tirta.

Tirta is optimistic that the company will achieve positive growth by the end of the year, and the company has developed a business strategy to optimize business operations. “Entering the second half of this year, we will continue to proactively push growth optimization initiatives by diversifying our customer base,” said Tirta. HUMI also plans to acquire other types of vessels to enrich the Company’s portfolio.

“To meet market needs in 2024, HUMI plans to add 9 vessels, consisting of 3 chemical tankers, 1 LNG tanker, and 5 tugboats. This need is adjusted to market demand, where these three types of vessels are currently in high demand in Indonesia,” he said. As of the end of July 2024, 2 chemical tankers and 2 harbour tugs have been realized. “These four vessels are fully operational and serving customers according to their segment types,” added Tirta.

In the upcoming second half, the realization of LPG and tugboats serving ports in the eastern region is planned, while 1 LNG vessel’s investment will be converted to other types of vessels by PT GTS Internasional Tbk. (GTSI), where the change is awaiting the decision of the Extraordinary General Meeting of Shareholders (EGMS) scheduled for August 15, 2024.

For further information, please contact:
Corporate Secretary
PT Humpuss Maritim Internasional Tbk.
e-mail: corpsec@humi.co.id