JAKARTA - PT Habco Trans Maritima Tbk (HATM) collaborates with Seacon Ships Management Group (HK) Limited (Seacon) to form a joint venture company based in Singapore.

Andrew Kam, President Director of HATM said that the joint venture was formed to focus on ship management services. "Strengthening international cooperation to develop services and improve the quality of company ship management to world-class standards," he said in a press release quoted on Tuesday (24/9).

The joint venture company formed is Horizon Sea Ships Pte, Ltd with a shareholder structure of 50% each. The issued and fully paid capital is recorded at US$100 thousand in 1,000 ordinary shares.

Seacon, a business partner of HATM, operates in ship management services in Hong Kong. Its parent company, Seacon Shipping Group Holdings Limited, was listed on the Hong Kong Stock Exchange (HKEX) in 2023, has a fleet of 30 units with a carrying capacity of 1.43 million DWT.

Meanwhile, HATM was listed on the Indonesia Stock Exchange (BEI) in 2022, and currently manages five bulk carrier ships.

It is known that this issuer collected IDR 367.12 billion in revenue in the first semester of 2024, up from the same period in 2023 of IDR 254.34 billion. Gross profit was IDR 112.54 billion, growing from IDR 107.14 billion, and net profit for the current period decreased to IDR 84.52 billion from IDR 89.52 billion. (LK/LM)