Indonesian Political, Business & Finance News

Growth and expansion in Asia

Growth and expansion in Asia

PT Samudra Petrindo Asia

Increasing globalization and a move toward free market systems has forced businesses to focus on developing human resources to remain competitive.

PT Samudra Petrindo Asia (SPA) has been a leader in the maritime industry precisely because it has developed its management through strategic alliances with international maritime firms.

Long before any talk of globalization, PT Samudra Petrindo Asia began taking aggressive and proactive steps to increase its professionalism and services to satisfy its clients.

This means the company has been awarded international certificates, namely the ISO 9002, ISM and Crew Manning from DNV, reflecting its commitment to quality management, high service standards and environmental safety measures.

PT Samudra Petrindo Asia is a private Indonesian maritime company active in sea transportation services, especially in the field of energy (crude oil, gas and mining), as well as in ship chartering, off-shore services, brokering and ship management.

Established in 1982 in Jakarta, PT Samudra Petrindo has continually stuck to its motto: Our word is our bond: We are committed to what we say.

PT Samudra Petrindo Asia president director, Capt. Rudy Tangkawarow, said the company currently owns ships chartered by Pertamina and acts as a floating storage and offloading vessel operator.

Since its establishment, PT Samudra Petrindo Asia has set out to maintain world-class quality service standards.

A highly trained and professional staff is a must in the maritime transportation industry. Capt. Rudy said PT Samudra Petrindo has gone to great lengths to develop its staff through extensive training and education, in Indonesia as well as abroad. The company's education programs are carried out according to international standards.

And in order to provide convenient services, it has its own global computerized network and modern communications technology in each of its ships.

A basic problem faced by the Indonesian maritime transportation sector is the fact that government regulations are changed frequently.

According to Capt. Rudy, the government at one time scrapped the need for permits to be given before the PPN (sales tax) for purchasing ships. Less than a year later, however, the regulation was applied again.

Indonesia's Sea Transportation Law No. 21/1992 has unfortunately helped to hinder the growth of the country's sea transportation industry.

According to clause 73, book 1, the government can give permission to foreign vessels flying foreign flags to carry out interisland sea transportation activities in certain circumstances.

Foreign ships are able to ply Indonesia's sea-lanes because the country's own shipping industry is not developed enough to cope with demand.

Another problem facing Indonesia's sea transportation industry is the reluctance of bankers to finance shipping activities. The economic crisis has significantly stunted growth of the country's sea transportation due to a lack of financing and capital.

Most importantly, however, is the need for the Sea Transportation Law to be applied consistently, so that the industry can plan its course in the world's increasingly competitive market.

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