History of the Company
PT Buana Listya Tama Tbk ("the Company") was established in 2005 as a domestic shipping company and is part of PT Berlian Laju Tanker Tbk, one of the world's largest chemical tanker operators specialized in transporting liquid cargoes.
The Company began its endeavor in the shipping business catering international and domestic routes and built its reputation as a professional shipping company in Indonesia.
The Company started out the business with a range of oil tankers and gas tankers, designed and dedicated to carry crude oil and oil products as well as gas products such as LPG (Liquefied Petroleum Gas). Later on, the Company continued to expand its business and entered into new segments, such as chemical tankers and the FPSO (Floating,Production, Storage, and Offloading) segments. The Company is the only domestic Indonesian shipping company with the ability to own and handle the complex operation of an FPSO vessel.
The Company also owns and operates a Very Large Gas Carrier , MT. Gas Komodo, and also became the first domestic shipping company that operates such vessel in Indonesia. With years of experiencecatering numerous local and international clients, mostly global oil and gas majors, the Company has taken the standards of international shipping intodomestic waters.
In 2005, the Government of Indonesia issued a Presidential Decree which regulated the implementation of cabotage principle for domestic sea transportation as well as importation of government-linked cargoes. Consequently it has resulted in the opening of significant opportunities in favor of the domestic shipping industry. This policy enhances the development of the local shipping industry by limiting the participation of foreign owners while at the same time provides wider business opportunities for local shipping companies to grow within domestic market.
To support this regulation, the Company has decided to explore even further such lucrative opportunities and fully participate in developing the Indonesian shipping industry as part of its dedication as a domestic shipping player.