Pertamina International Shipping (PIS) is optimistic about achieving positive performance in 2025, supported by the improving industry trend projected for this year. At the end of last year, Fitch Ratings Global released its shipping and maritime industry outlook, signaling a positive shift by changing its outlook from "negative" to "stable" for 2025. This assessment reflects a market that is returning to normal levels after a peak period, with decarbonization issues and geopolitical impacts influencing future projections. The evolving global political landscape also provides optimism for the oil and gas transportation sector, which continues to hold long-term appeal.
PIS, as the largest tanker company in Southeast Asia and a subholding of Integrated Marine Logistics (SH IML), is preparing strategies to capitalize on this positive outlook. In response, PIS has been innovating regularly, which led to a profit of USD 280.9 million in the first half of 2024. This achievement has prompted the company to develop a precise strategy to capture business opportunities this year. Despite the positive industry projections, challenges such as geopolitical dynamics, international regulatory pressures, and volatile energy prices still pose risks. PIS plans to address these challenges by enhancing insurance coverage, seeking safer routes, and exploring green cargo diversification. Additionally, PIS is focusing on sustainability, with plans to modernize its fleet using dual-fuel technology, invest in energy-saving devices, and develop green terminals, ensuring it meets emission standards while leading the way toward environmentally-friendly shipping practices.
