Container terminal operator IPC TPK, a subsidiary of Pelindo Terminal Petikemas Sub-holding, is so optimistic to reach its target this year, the year called as ‘the synergy & growth’. Several milestones, including more new oceangoing services at the beginning of the year, can be indicators for target realization, signals for the optimism.
Some international new services the IPC TPK terminals handled in early 2022 include three Meratus’ oceangoing services of Java Malaysia Express (JME) service routing Jakarta – Port Klang – Jakarta, CIX (China Indonesia Express) routing Jakarta – Semarang – Surabaya – Qingdao – Shanghai, and PING Service and (Panjang – Singapura and Jakarta – Singapura).
According to the roadmap of this terminal operator holding vision to be world class terminal operator and integrated with maritime ecosystem, 2022 is the year of ‘Synergy and Growth’. “This means that this year we focus to prepare National Integrated Container Terminal Network and to build integration of account management as the basis for doing business,” IPC TPK President Director Wahyu Hardiyanto explained on the Media Gathering, on March 14, 2022.
“IPC TPK commits to provide high qualified service and competitive,” Wahyu said further, adding: “This is in line with our mission to build integrated container terminal network in a bid to support efficient logistics and encourage national trade growth.”
The high qualified and competitive services, Wahyu noted, would be realized in any of IPC TPK works, including in stevedoring, cargodoring, receiving/delivery, and supporting services of stripping/stuffing and container depo as well.
“IPC TPK has taken strategic steps to boost performance during the COVID-19 pandemic. As part of PT Pelabuhan Indonesia, IPC TPK seeks to spur creativity and innovation to increase competitiveness, especially in the field of marketing in achieving predetermined performance targets. This strategy is also strengthened by the digital transformation of various operational services,” said Wahyu.
Positive Growth in Tough Years
Amid the challenges of tough years due to pandemic covid-19 outbreak, IPC TPK continued to show positive growth, thanks to the innovations both in operational and market expansion strategies. Last year (2021), IPC TPK enjoyed a positive performance both in throughput and financial statement. This year (2022) the throughput and revenue are expected to grow higher.
Last year, IPC TPK throughput reached 2.7 million TEUs, increasing from 2.58 TEUs in 2020. Priok contributes the highest of 2,07 million Teus, then followed by Pontianak (256,799 Teus), Panjang (123.155 Teus), Palembang (121.587 Teus), Teluk Bayur (105.746 Teus), and Jambi (41.698 Teus).
This year (2022), it targeted to reach volume of 2.8 million TEUs, a slightly increase from last year. “In view of the trade trend and the volume of Indonesia’s leading port Tanjung Priok in the first two months (January-February), we are so optimistic with the market growth this year,” said David P. Sirait, IPC TPK Commercial and Business Development Director & Acting Director for Operation and Engineering.
“We are also so optimistic in view of our throughput growth overall our terminals. In addition, some new services from oceangoing shipping will support our market share from Indonesia’s international trade. Some have been running and there will be more to come, thanks to shipping lines who are so aggressively to expand oceangoing services,” David said further.
“IPC TPK will continue to pro-actively explore various potentials, establish synergies and cooperation with domestic and foreign shipping lines. In addition to contributing to the efficiency of national logistics costs, we hope that this new additional international service can encourage increased trade flows through Indonesia’s export-import activities in the midst of efforts to recover the economy due to the Covid-19 pandemic,” said David.
Moreover, in first three months of 2022, IPC TPK throughput has been benefitted from some milestones, including the call MV MSC Tianshan which brought 2000 empty containers to overcome the container shortage crisis in Indonesia, the biggest vessel ever call at Terminal 3. In addition, contribution of Meratus’ oceangoing services of Java Malaysia Express (JME) and CIX (China Indonesia Express) will help to add IPC TPK throughput this year.
“We continue to expand our business services not only from our captive market of Pelindo ports nationwide, but also from not-captive market from other terminals, including from private Tersus (special terminals). Surely, this will give us more additional volumes in the future,” said David.
Revenue Target of 2.6 Trn
In line with the increasing volume, IPC TPK also targets an increase in revenue to Rp 2.6 trillion, a slightly increase from 2021. In 2021, IPC TPK booked revenue of Rp 2.51 (unaudited), increasing from 2.42 trillion in 2020. IPC TPM also booked an increase of EBITDA, from Rp 556 to 558 billion, thanks to the increasing volume.
“We enjoyed 3.7% revenue growth last year, thanks to the volume growth. Our EBITDA also increased,” said Irwan Favoriet, IPT TPK HRD and Finance Director.
“In view of the trend in throughput growth coming from some new services, we are so optimistic to reach the target,” Irwan explained further.
Irwan explained that IPC TPK also continued to improve human resources in a bid to support the programs of digital transformation, improvement of container terminal operating system, optimization of container terminal equipment, preparation of market expansion plans, preparation of container terminal operation plans in Projects Strategic IPC Group.
With the transformation of a terminal that is be able to integrate equipment well in the midst of the Covid-19 pandemic, IPC TPK has succeeded in improving terminal operation services