SPJM (Pelindo Jasa Maritim Sub-holding) is expected to enjoy a 20% increase in yearly revenue and net profit this year, thanks to high operating performance of its 8 subsidiaries, the subsidiaries with core business of pilotage and towage services in particular.
SPJM is a sub-holding of PT Pelindo with three business lines of marine, equipment, and port services (MEPS). SPJM has 8 subsidiaries with five core businesses of pilotage & towage, port facilities and equipment, floating devices, dredging, and port utilities and energy.
“Referring to positive performance of our subsidiaries, we expect a 20% revenue and net income increase this year,” Rachmat Prayogi, SPJM Director of Human Resources and General Affairs, said during Media Luncheon on Saturday, December 23, 2023.
In 2022, SPJM booked net profit of Rp 480 billion.
“All our subsidiaries made positive performance and created profit, except Rukindo (subsidiary with core business of dredging),” he said further.
SPJM has eight subsidiaries, including public listed PT Jasa Armada Indonesia Tbk and PT Pelindo Marine Service, PT Equiport Inti Indonesia, PT Jasa Peralatan Pelabuhan, PT Energi Pelabuhan Indonesia, PT Pengerukan Indonesia, PT Berkah Industri Mesin Angkat (BIMA), and PT Lamong Energi Indonesia. In addition, it also has three subsidiary companies of PT Alur Pelayaran Barat Surabaya, PT Berkah Multi Cargo, and PT Pelindo Energi Logistik.
Among those subsidiaries and subsidiary companies, the ones from marine cluster with core business in pilotage and towage remain the leading contributors to the sub-holding. PT Jasa Armada Indonesia Tbk and PT Pelindo Marine Service contribute around two-third of the total SPJM revenue and net profit.
Top Contributors
SPJM is so optimistic that the increasing operating performance of its leading core business in pilotage and towage services will significantly contribute to the its financial statement this year.
“We cannot release the real value of our revenue and net profit yet. But, we will release it soon after official audit. But, what we can say is that our fantastic performance, especially in our leading core businesses are initial indicators of our positive financial performance this year,” Rachmat Prayogi, familiarly called Yoyok, explained.
According to SPJM report, up to November 2023, total pilotage movements of SPJM Group reached 376,168 units, increasing 911.61% YoY, compared to January-November 2022.
Pilotage and towage services, including for STS coal activities, remain the leading contributor to SPJM
Its towage service, meanwhile, reached 4.4 million GT, up 128.88% YoY, compared to January-November 2022.
Other business cluster that created a very positive performance during the year was coming port utilities and energy. Until November, SPJM Group created 116.09% increase in water supply to 813.004 tons, and 113.36% increase in electricity supply, to 161.78 million KWH.
“Pilotage, towage, and port utilities of fresh water and electricity supply are the top three core businesses that shew a very fantastic growth this year,” Yoyok explained, adding: “But, other businesses also shew positive performance.”
Yoyok explained that apart from those top three, the equipment stream also grew positive until November. “The availability(level of availability of equipment at ports) performance of equipment cluster reached 92.89%, up 101.37% YoY,” he said.
However, the level of mean time to repair was down 47.41%, to 2.25 in average.
Future Business Expansion
Apart from pilotage and towage services, SPJM has also diversified business to providing oil spill response (OSR) services. Run by subsidiary Lamong Energi Indonesia (LEGI), the service will take place at some Pelindo ports, including Belawan, Dumai, Bagendang, Bumiharjo, Tanjung Emas and Tanjung Perak.
In addition to serve Pelindo group’s ports and terminals as captive market, SPJM will expand to non-captive market, to the non-Pelindo ports and terminals.
Ease and flexibility of service for special terminals is also a priority for the Company. Currently, SPJM Group has provided special services in Tarempa, Kideco, Sangatta, Weda Bay and Tilamuta. For ports owned by Ministries and Institutions, SPJM provides services in Tanjung Balai Karimun, Nipah, Bunyu and Samboja.
“We see the prospects of those non-captive market are very potential,” said Yoyok.
Phinnisi, Commitment to Logistics Efficiency
In order to support the Government’s program in efforts to accelerate national logistics flows and implement the National Logistic Ecosystem (NLE), SPJM has created Phinnisi application, a single platform for ship services that is integrated with Inaportnet and has been adopted by 33 ports nationwide.
“We provide convenience for every ship that comes in and is served by implementing a more integrated system. For customers, this can provide benefits in the form of service transparency and also more control,” Yoyok said.
Phinnisi, said Yoyok, is a ship service operating system platform developed internally by the Pelindo group. It provides an end to end service with fully integrated features for order management, Front-End and Back-End in the ship service process, as well as supporting the fulfillment of the Order cycle to Cash and Record to Report in one platform.”
Rahmat Prayogi (R) and SPMJ Corporate Secretary Patrik Tubagus (L)
With the Phinnisi application, all service resources will be connected directly and in real time with the operations control center so that service data is valid and immediately produces notes for service users.
“No need for face to face service anymore. All processes from orders to receipts have been digitized,” continued Yoyok said.
This system has several advantages. First, it is multi-location or can be used to support the operation of ship services in all ports and is centralized. Second, the system architecture is based on cloud technology with a high level of availability and fast deployment. Third, this system is very adaptive and effective, so that the operating system is in accordance with flexible ship service business processes with continuous development support.
Phinnisi was built and can be integrated with the National Logistic Ecosystem (NLE) in line with the Indonesian government’s policy to cut bureaucracy. This strategic collaboration is expected to help the government’s goal of simplifying logistics processes which can have a positive impact on stakeholders.
