Shipping Entrepreneurs Suddenly Shout About Installments, What’s Up? News – 3 hours ago

Jakarta, CNBC Indonesia – Shipping companies admit that they are still having difficulty getting funding with easy installments. In fact, said Deputy General Chair III of the DPP Indonesian National Shipowners’ Association (INSA) Nova Y Mugijanto, shipping companies are a capital-intensive sector so they require large funding support.

To get funding, he said, one way for companies in this sector to get it is in the capital market, there are at least 21 shipping companies listed on the Indonesia Stock Exchange (BEI) with a capitalization of IDR 76 trillion.

“Banking funding in Indonesia is short term. And it turns out that a total of 21 Indonesian shipping companies in the capital market have a capitalization of IDR 76 trillion, which is big, you know. Capitalization means there is the ability to refund that amount. If we talk to banks, banks want to give IDR 1 trillion Just think about it,” he said, Thursday (9/11/2023).

Meanwhile, he added, there is Law 17 of 2008 concerning Shipping Article 57 which mandates that the government must provide financing and taxation facilities in order to empower the national water transportation industry.

“However, the current situation is that the financing scheme for ship procurement is still short term with quite high interest charges,” said Nova.

Nova said that the type of business in the maritime transportation sector is a capital-intensive and labor-intensive business sector with a long return on investment. Therefore, a financing scheme with a long term is needed.

“All fleet development, both in terms of quantity and quality, requires investment, so national shipping requires more funding sources, one of which is from the capital market,” said Nova.

“Most of IKN’s materials come from outside Kalimantan, so it automatically requires a ship, it’s impossible to use a truck,” he added.

Not to mention, downstream projects in several sectors also require additional ships, where before there was downstreaming for material export shipments carried by foreign ships. Meanwhile, currently it is carried by domestic ships. Not to forget, the government’s plans to develop the marine tourism industry also require additional ships.

“In addition, there are lots of requirements for zero emissions, automatically if the Indonesian fleet wants to pursue beyond cabotage, we are still pursuing how national shipping companies can get out, that means upgrading fleet quality in terms of fleet, as well as sheep management, both ship quantity. and the quality of the ship costs money,” concluded Nova.

[Gambas:Video CNBC]

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