Company Overview

PT Sillo Maritime Perdana Tbk

 

PT Sillo Maritime Perdana Tbk is a company engaged in shipping services to support oil and gas exploration and production activities.

PT Sillo Maritime Perdana Tbk PT Sillo Maritime Perdana Tbk was established on June 1, 1989. The Company started its business as an agent of leading international shipping companies. However, despite acting as an agent, the Company still upholds the commitment to continue to grow and always provide the best service for customers. This commitment has enabled the Company to maintain its existence for more than 29 years in the domestic shipping industry.

 

The momentum of change in the Company started from the purchase of one unit of vessel, which is Anchor Handling Tug Supply (AHTS) named Ina Latu in 2008. The Company utilizes the development of supporting vessel rental business in the upstream oil and gas industry to change the Company’s business navigation for the better.

 

The step was then followed by the addition of other vessels gradually. The company bought several vessels with various functions and types, such as tug boats, crew boats, self-propelled oil barge (SPOB), floating storage offloading (FSO), utility vessels and liquefied gas carriers. As of the end of 2018, the Company had 15 vessels operating in medium and long term contracts.

 

In addition to the purchase of vessels, the Company expanded its business by conducting an initial public offering on June 16, 2016. The decision to go public has opened up greater opportunities to continue to grow, in line with the strengthening of Company’s capital. This was demonstrated through business expansion strategy by acquiring shares of a medium-scale service company named PT Suasa Benua Sukses in 2016 and acquiring PT Eastern Jason, through an equity participation of 52% shares in PT Pratama Unggul Lestari in 2017.

 

Furthermore, in 2018, the Company also increased its capital by issuing new shares without pre-emptive rights (PMTHMETD) or private placement, which was used to increase the Company’s capital in its subsidiary, PT Suasa Benua Sukses.

The company is optimistic that it can continue to maintain good performance for a long period of time. Through improving the quality of services and solid and competent business support personnel, the Company continues to move forward by prioritizing safety and quality control aspects.