Tuesday, October 4, 2011

INSA: the need for OFFSHORE vessels increased by 10% this year


Indonesian National Shipowners’ Association (INSA) projects a need for offshore vessels will increase by about 10% this year. INSA data show, the need for offshore vessels will reach 606 units, an increase of 50 units compared to last year the number of 556 units.

INSA Chairman Carmelita Hertoto said, until June 2011, the ships offshore that has been operating routinely in Indonesia reaches 526 units. The increase in demand for these vessels is triggered a number of factors.

First, the implementation of the cabotage regulation which requires that the domestic sea freight activities should use Indonesia’s flag ships no later than December 2010. As for transporting goods and passengers as well as activities that do not carry passengers and / or goods within the ports at the latest 2015.

Second, oil and gas exploration and exploitation activities in the sea also increased in line with government targets to meet national targets oil lifting. Currently the majority of oil and gas production activities are in the sea. Procurement of offshore vessels is different from other types of ship procurement since the contract-based provision. "These ships could be provided if there is a tender and a contract of service users," said Carmelita. Procurement of these vessels depend on the contract considering banking or financial institution would have made be one of the guarantee.

Meanwhile, for the price of the ship are varies. "Relative depending on the type and size, new or used. There are only U.S. $ 1 million, but there are up to U.S. $ 200 million or more," explained Carmelita.

In connection with the increase in demand for offshore vessels, PT Berlian Laju Tanker Tbk (BLTA) this year also adds to its fleet of two units of ships offshore. "Last year, we only have one ship offshore," said Kevin Wong, Director of Finance BLTA. He is optimistic the company can raise revenues with the addition of this fleet. Kevin says, the target revenue until the end of the year, U.S. $ 50 million. While in the past year, the company recorded a total revenue of U.S. $ 45 million. Until the first half of 2011, the company has been able to get half of the revenue target.

PT Berlian Laju Tanker Tbk is serving of offshore vessel rental services since 2006. The company is leasing the contract system. "The average per contract was between 1 year to 4 years," says Kevin.

picture: google.com