As of November 2024, TPK Koja has successfully recorded substantial growth in both operational and financial performance. This joint operation terminal, a collaboration between state-owned port operator Pelindo and Hutchison Port Indonesia (HPI), has seen year-on-year increases in both throughput and financial results, surpassing the full-year targets set for 2024.
According to TPK Koja, container volume reached 941,793 TEUs by November 2024, exceeding the target (RKA) of 863,696 TEUs by 9.04%. Compared to the same period last year, which saw 882,259 TEUs, this represents a 6.75% increase.
Looking ahead, TPK Koja is on track to surpass 1 million TEUs by the end of 2024, with a projected total of 1,018,060 TEUs. This would represent a 7.2% growth compared to the 2024 target of 949,050 TEUs and a 5.5% increase over the 966,100 TEUs handled in 2023.
The growth in volume started in January 2024, with the exception of June, when throughput dipped below the RKA target due to a reduction in ship calls caused by congestion in Singapore amid the ongoing Middle Eastern conflict.
If TPK Koja exceeds 1 million TEUs, it will mark the second time in its history that the terminal has achieved this milestone since 2017. The key difference this year is that TPK Koja is now operating its own dock and yard, unlike in 2017, when the target was reached with the temporary use of the JICT dock.
This year’s success is attributed to strong collaboration and synergy among stakeholders, customers, management, and TPK Koja employees working together to exceed performance targets.
To facilitate this growth, TPK Koja has undertaken several initiatives, including: the addition of one new Reach Stacker, dock repairs and reinforcement in preparation for the arrival of three new Koja QCC units, rejuvenation of RTG equipment, the acquisition of additional head trucks, optimization of traffic flow within the stacking yard.
Revenue 10.84% over Target
In line with the increase in throughput, TPK Koja’s financial performance also showed impressive growth. As of November 2024, the terminal recorded a net income of IDR 1.65 trillion, representing a 10.84% increase over the target of IDR 1.48 trillion. Compared to the same period last year, where net income stood at IDR 1.51 trillion, this reflects an 8.86% increase.
Moreover, TPK Koja’s operating profit saw a remarkable surge, reaching IDR 366.3 billion—an increase of 109.19% compared to the IDR 175.1 billion recorded in the same period of 2023. This also exceeds the target of IDR 203 billion by 79.73%.
Future Initiatives and Investment
TPK Koja’s General Manager, Ali Mulyono, attributed these achievements to the combined efforts of all parties involved, including various stakeholders.
“This achievement is the result of hard work from the entire team and our collaboration with stakeholders. We are optimistic about maintaining our positive performance and continuing to provide excellent service through the remainder of 2024,” said Ali.
Looking forward to 2025, TPK Koja plans to introduce three new super post-Panamax QCCs, replacing two older Panamax cranes. Additionally, the terminal will acquire four eRTGs and six head truck units to further enhance service capacity.
Future initiatives will focus on protecting and growing the company’s values in a competitive environment, including: implementing various management systems, advancing digitalization technology and container service systematization, and rejuvenating environmentally friendly equipment, such as eRTGs.
In addition, other initiatives will be addressed to promoting employee wellness programs to ensure a healthy workforce, strengthening workplace safety (K3) measures to reduce accidents and claims, and engaging in impactful corporate social responsibility (TJSL) programs.