PT Pelayaran Tempuran Emas Tbk., also known as Temas
Line, will soon be adding to its already sizable fleet. In
2008, Temas Line had 27 vessels in its fleet with a total
capacity of 13,162 TEUs. In 2009, its fleet will increase to
34 with a total capacity of more than 22,000 TEUs. The eight
new vessels, which were ordered in 2008, will all come from
China. Today, Temas has received the first five with the
other three to arrive shortly.
Temas Line, which focuses on serving domestic routes, is
now prepared to take an even larger chunk of the market due
to this added investment in new vessels. Meanwhile, the
company’s management is focused on self improvement,
specifically, in quality of service and customer relations.
"By investing in these vessels, which we have done very
cost effectively, this company's performance will remain
high well into future," said Harto Kusumo, the Director of
Temas Line, after a general meeting of share holders on June
18, 2009. The company spent US$ 9.3 million on the new
vessels, with 80% of the funding coming from bank loans.
The company's performance in 2008 soared with profits
increasing sharply. In 2008, the company took in Rp.1.17
trillion compared to only Rp.835.3 billion in 2007 with net
profits in 2008 reaching Rp.155.1 billion.
"This company was very happy with this achievement,
especially because it was in the middle of a high fuel price
time in 2008. The company's financial situation just gets
better and better," said John WIsnu Alwi, the Finance
Director for Temas.
The company's profit target for 2009 is between Rp.1
trillion and Rp. 1.2 trillion. Still, this has been a hard
year for the company because of the impact of the global
economic crisis and added competition, which have affected
the company's performance. To handle this problem, the
company has consolidated by adding a director to strengthen
the management team. Besides that, the company also has
added one independent commissary to help the company
practice good corporate governance by striking a balance
between management and supervision.
(SAILINGS/PR/RI/ERIC)
