Energy holding company, PT Pertamina has establised a new sub-holding for shipping, PT Pertamina International Shipping by integrating assets and shipping business lines. Currently, the new sub-holding having six ports, five fuel terminals, and 750 vessels, of which 540 vessels are self-owned and the rest are chartered.

Minister of state own enterprises (SOEs), Erick Thohir, stated in an official statement released on Wednesday (5/5), the new unit of Pertamina will not only run the shipping business, but is targeted to become an integrated marine company by running the logistics business and storage ports. He also confirmed that Pertamina Shipping will launch the initial public offering (IPO) this year.