Pertamina leases 15 oil tankers<\/p>\n
JAKARTA (JP): State-owned oil company Pertamina signed
\ncontracts yesterday to lease 15 tankers from 11 domestic
\ncompanies for between US$15 and $50 a dead-weight ton (DWT) a
\nmonth.<\/p>\n
Pertamina president Faisal Abda'oe, who witnessed the deals,
\nsaid the tankers would be used to distribute oil domestically.<\/p>\n
The 11 ship owners are PT Kwarta Daya Pratama, PT Adhimas
\nPutra Perkasa, PT Wintermar, PT Arpeni Pratama Ocean Line, PT
\nCamarmas Sakti, PT Humpuss Sea Transport, PT Bumi Perkasa
\nBahtera, PT Adnyana, PT Bumi Indonesia Tanker, PT Scorpa Pranedya
\nand PT Desira Pratama Lines.<\/p>\n
The 15 tankers, to be leased on a long-term time charter
\n(LLTC) basis to Pertamina, include two 1,500-DWT, five 3,500-DWT,
\nsix 17,500-DWT and two 30,00-DWT ships.<\/p>\n
Pertamina set its monthly lease rates between US$13 and $50 a
\nDWT depending on the tankers' sizes.<\/p>\n
The companies, which won their contracts in a competitive bid,
\nmust deliver the tankers to Pertamina within 19 months of signing
\nthe contracts.<\/p>\n
\"Delays in tanker delivery will make the lessor liable to a
\npenalty of 5 percent of the tanker's value,\" Ilham Sharif, a
\nPertamina shipping division executive, said.<\/p>\n
Abda'oe said Pertamina now preferred leasing tankers through
\nLTTC agreements to buying its own tankers, because leasing was
\nmore efficient and provided business opportunities to domestic
\nfirms in domestic fuel transportation.<\/p>\n
\"Pertamina is not a ship-building company,\" he said, adding
\nthat the contracts were the third series of lease deals with
\ndomestic firms concluded by the state oil company.<\/p>\n
Pertamina now operates 185 tankers of various sizes: 68 are
\nowned by the company and the others are leased through various
\ncharter agreements, including LTTC contracts.<\/p>\n
According to Jusuf Rahimi of PT Kwarta Daya, a 17,500-DWT
\ntanker costs about $25 million.<\/p>\n
Sharif said the competitive bid for the tankers had been
\nrestricted to domestic bidders.<\/p>\n
S. Sumantri, an Indonesian National Ship-owners Association
\nexecutive, welcomed the limited tender because the system gave
\ndomestic ship-owners a better chance to win contracts.<\/p>\n
Sumantri called on other domestic industrial companies,
\nincluding cement, fertilizer and coal producers, to follow
\nPertamina's example of preferential treatment to domestic
\nshipping companies. (jsk)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/pertamina-leases-15-oil-tankers-1447893297",
"image": ""
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