JAKARTA – PT Humpuss Maritim Internasional Tbk (HUMI), a company engaged in energy distribution and infrastructure and operating in the port and maritime ecosystem, announced its plan to conduct an initial public offering (IPO) in 2023 as part of its strategy to become a major player in the maritime sector.
HUMI’s business lines are supported by four main sectors: ship leasing services, ship management services, crew management services, and crew training centers, all operated by the Company and its subsidiaries to create a synergized ecosystem.
President Director of HUMI, Tirta Hidayat, expressed optimism about the Company’s business prospects, particularly with the cabotage principle in Indonesian shipping, which requires Indonesian-flagged ships and local crew for domestic maritime operations. “‘The cabotage principle stated in Law No. 17 of 2008 is our advantage as a shipping transportation service provider, along with ship management and human resources,”‘ he said, Monday, July 17, 2023.
Tirta explained that HUMI’s ship leasing business is supported mainly by LNG transportation vessels, premium fuel and crude oil carriers, as well as chemical and petrochemical tankers. Additionally, HUMI provides offshore activity support services, such as the Floating Storage Regasification Unit (FSRU) Jawa 1, where manning and maintenance are managed by PT Humolco LNG Indonesia, one of HUMI’s subsidiaries with over 30 years of experience in LNG vessel and FSRU operations.
“‘This is a very big opportunity to operate foreign-flagged LNG vessels, considering that in this segment, Humolco LNG Indonesia is the leader and the only player in Indonesia for LNG Ship Management Services,”‘ Tirta highlighted.
HUMI’s Revenue Increases
HUMI recorded positive growth in Q1-2023. In its unaudited financial statements as of March 31, 2023, the Company posted revenue of USD 23.3 million, up from USD 21.3 million in the same period in 2022. Meanwhile, net profit for the March 2023 period stood at USD 5.15 million, compared to USD 3.53 million in March 2022.
Further growth potential also lies in HUMI’s marine support services. According to the Seafarer Workforce Report, the global crew requirement for officers is projected to reach 947,050 by 2026, with current annual supply only meeting 2% of demand. Similarly, demand for rating crew (non-officers) is expected to hit 1,069,500, while supply grows by just 0.6% per year. Domestically, the number of national fleets has also risen sharply, growing by 26,546 vessels between 2005 and 2019, based on data from the Ministry of Transportation.
“‘From these data, there is a clear need for the marine fleet support services segment that the Company is currently running,”‘ Tirta emphasized.
As part of supporting the energy distribution industry, HUMI also invests in crew management and training. The Company’s training activities are conducted through its subsidiary PT ETS International (ETSI), which operates the Humpuss Trilogi Maritime Training Center (HTMTC). The center offers 15 types of COP (Certificate of Proficiency) programs that comply with both international and national shipping standards.
“‘The need for training and certification for crews will be directly proportional to the growth in demand for both national and international fleets,”‘ Tirta noted. “‘Through these various business lines, we hope to support the maritime industry in Indonesia, one of the largest archipelagic nations in the world.”‘
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For further information, please contact:
Corporate Secretary
PT Humpuss Maritim Internasional Tbk.
Email: corpsec@humi.co.id