GTSI to purchase two more ships after securing US$50 million funding

PT GTS International Tbk (GTSI), a subsidiary of PT Humpuss Maritim Internasional Tbk (HUMI), will purchase two fleets after securing around US$50 million in funding from banking institutions.

GTSI had previously acquired one LNG (Liquefied Natural Gas) carrier in October 2025, now named Danaputri 1. As reported by IDNFinancials.com, the vessel was purchased from GAS-Seventeen Ltd. for US$24.5 million.

“This is a new production asset, after more than 25 years of inactivity in adding production assets,” said GTSI President Director, Ari Askhara, during today’s public presentation.

Ari, who began serving as President Director of GTS in mid‑year, stated that the company is committed to adding up to three fleets.

A previous report by IDNFinancials.com also noted that GTSI had secured US$50 million in funding from PT Bank Negara Indonesia Tbk (BBNI to support its fleet expansion plan.

“Hopefully BNI will continue to support us for our next two vessels,” said Ari, who is targeting the next fleet purchase in 2026.

Regarding fleet expansion, Ari added that this step aligns with GTSI’s business expansion into the international LNG market, particularly after the company established GTSI Export Trading, a new business unit in Singapore to run LNG trading operations.

“We are trying to tap into the international market by starting with LNG gas trading,” Ari explained.

Domestically, GTSI is also exploring opportunities in retail LNG through its subsidiary Solusi Prisma Metana (SPM), which targets hotels, restaurants, and cafés.

“This will strengthen our business line to ensure supply security and safety,” Ari said.

From a performance perspective, GTSI is targeting its gross profit margin to remain around 38%. As of September 2025, GTSI had recorded a net profit of IDR119 billion, supported by revenue performance of IDR1.58 trillion. (KR/LM)

Source : Idnfinancials.com