Pertamina with BGN adds two giant VLGCs to fleet portfolio

Pertamina International Shipping (PIS) has added two twin tankers to its fleet portfolio which are each spanning twice the length of a football field.

The company this week launched two very large gas carriers (VLGC), the VLGC Pertamina Gas Tulip and the VLGC Pertamina Gas Bergenia, built by South Korea’s Hyundai Samho shipyard, which PIS said is among the biggest gas tankers in the world.

The ownership of these tankers is a result of the collaboration between PIS and BGN, the global energy and commodities trading company, which commenced in December 2022 and accelerated with the signing of an agreement in October 2023.

The two vessels were designed to transport liquefied petroleum gas (LPG) as well as ammonia.

With the addition of these vessels, PIS’s fleet now totals 97 units, including 61 tankers operating internationally. “We are optimistic that this number will continue to grow in the future, in line with the company’s targets,” said Yoki Firnandi, chief executive of PIS.

PIS plans to add six very large gas carriers (VLGC) in 2024 as it eyes expanding its tanker fleet for transporting LPG and other gas commodities.

“We plan to add 6 VLGCs in 2024, starting with these 2 VLGCs at the beginning of the year, which will further strengthen PIS’s position in the global LPG transportation business. The purchase of these environmentally friendly VLGCs is in line with our mission to be a maritime logistics company supporting Indonesia’s NDC target by 2030,” Yoki said.

Nicke Widyawati, Pertamina’s president director, said: “The presence of these two VLGC ships will undoubtedly enhance the capability of the Pertamina Group in securing energy supplies to support national energy resilience. Their cutting-edge technology is evidence of Pertamina Group’s commitment to sustainable business.”

The latest VLGCs, said Nicke, have also been qualified to sail internationally, thereby expanding Indonesia’s presence in the global shipping arena.

Ruya Bayegan, group chief executive of BGN, noted: “We are delighted to see these two modern, efficient ships on the water, thanks to our collaborative partnership with PIS. We are pleased to help strengthen the energy security of Indonesia at the same time as supporting BGN’s global energy and commodities trading platform with these maritime assets.”

Source: the press release can be found here from acnnewswire.com.