Sharp Price Decline, IDX Suspends SHIP Shares

Jakarta, CNBC Indonesia - The Indonesia Stock Exchange (IDX) temporarily halted trading (suspension) of PT Sillo Maritime Perdana Tbk (SHIP) due to a significant cumulative price decline today, Wednesday, 20 May 2026.

The move was taken as a cooling-down measure to protect investors, particularly SHIP shareholders.

‘The Indonesia Stock Exchange considers it necessary to implement a temporary halt to trading of PT Sillo Maritime Perdana Tbk (SHIP) on 20 May 2026,’ IDX management said on Wednesday (20/5).

The temporary trading halt on SHIP shares was conducted in both the regular market and the cash markets.

The aim is to provide market participants with sufficient time to carefully consider the information available before making their investment decisions regarding PT Sillo Maritime Perdana Tbk (SHIP).

‘Interested parties are advised to always pay attention to the information disclosures released by the Company,’ it concluded.