JAKARTA – PT Trans Bahtera Pioneer (TBP) will invest IDR 200 billion to purchase six sets of tugboats and barges.

This plan is set to be realized within the first year following the joint venture agreement signed between PT Resources Alam Indonesia Tbk (KKGI) and PT Trans Power Marine Tbk (TPMA) on December 18, 2024.

In an official disclosure quoted on Friday (20/12), Agoes Sugiarto Soeparman, Director of KKGI, stated that the establishment of TBP is aimed at achieving strategic objectives.

The company seeks to gain direct access to logistics services, reducing reliance on external providers while optimizing transportation costs and ensuring a smoother supply of coal for TPMA.

“With the expertise of both parties, this synergy is expected to create long-term added value, enhance profitability, and strengthen the competitive position of both companies within the coal logistics industry," said Agoes.

KKGI and TPMA each hold 50% ownership in TBP, with a total paid-up capital of IDR 51.5 billion or 51,500 shares at IDR 1 million per share. (LK/ZH)