Sillo Maritime lists shares on IDX, to buy FSO next year

JAKARTA ( – PT Sillo Maritime Perdana Tbk (SHIP), which engages in providing vessels to support offshore oil and gas companies’ operations, listed its shares on the Indonesian Stock Exchange (IDX) on Thursday (June 16). The company is the sixth firm to list shares on the exchange so far this year.

Sillo listed 500 million units of shares on the IDX or 20 percent of its enlarged capital. The company raised Rp70 billion from the IPO. The IPO price was set at Rp140 per share. As much as 67.9 percent of the IPO proceeds was used to acquire SBS.

The company’s finance director Herjati said the company plans to buy one unit of Floating Storage Offloading (FSO) next year as part of the company’s move to strengthen its fleet. The company plans to seek loan worth US$6 million to buy the FSO.

Recently, the company acquired shares of PT Suasa Benua Sukses (SBS). The company will focus on developing this company this year.

Currently, Sillo Maritime has 8 vessels comprises of various types, including FSO, tug boat, self propelled oil barge, crew boat and utility vessels.

The company remains optimistic that the offshore support vessels still have the prospect in Indonesia although the industry has declined in the past two years due to falling oil price. SBI survived as most of its vessels are being used to support production activities of oil and gas ocmpanies.

PT Sillo Maritime Tbk (SHIP) said it is currently seeking an opportunity to get contracts from Pertamina, the state owned energy company. In the past it has provided vessels to Pertamina.

The shareholders of Sillo Maritime are PT Maxima Prima Sejahtera with 40 percent shares, PT Karya Sinergy Gemilang 40 percent, public 19.70 percent and employee stock option 0.30 percent. (*)

Check Also


Mermaid charters-in dive support vessel to Mermaid Nusantara

JAKARTA ( - Bangkok-based Mermaid Maritime Public Company Limited announces that its Indonesian business unit ...

Leave a Reply

Your email address will not be published. Required fields are marked *