JAKARTA. PT Humpuss Maritim Internasional Tbk (HUMI), an integrated maritime transportation and service provider, has allocated its capital expenditure (capex) for 2024 of IDR 802.5 billion.

This capex budget is projected to be allocated for vessel acquisition. With this extra addition to its fleet, HUMI attempts to meet the demand for B35 (a mix of plant-based fuel and diesel fuel) shipping, whose portion will be raised by the Indonesian government.

The new vessels that will be acquired by HUMI consist of 3 oil and chemical tankers, 1 LNG vessel, and 5 tugboats. There will be a total of 9 vessels that will be repurchased by the company using this allocated budget.

Tirta Hidayat, President Director of HUMI, admitted that this expansion strategy is also conducted to serve the ever-increasing methanol shipping demand. Meanwhile, the methanol tankers are said to be still limited in numbers.

“The limited number of this tanker has become a huge opportunity for the company to monetise on this scarcity,” Hidayat explained in the information disclosure.

With these additions in the fleet, HUMI aims to score net profit growth of 20.50% in 2024. “The stability of the company each year will continue to be maintained,” Hidayat mentioned. (KR/ZH)