PT Pertamina International Shipping (PIS)

What PT Pertamina International Shipping (PIS) does

PT Pertamina International Shipping (PIS) is a state-owned integrated maritime logistics subsidiary of PT Pertamina (Persero), Indonesia's national energy holding company. Operating as a sub-holding within Pertamina's Integrated Marine Logistics (IML) structure, PIS manages shipping, maritime services, port operations, asset ownership, and logistics across five business sectors, with a current fleet of 63 vessels serving 65 international routes and a broader base of approximately 320 tankers tied to its long-term fleet plans. The company's primary customers are enterprise energy counterparties, with its parent Pertamina acting as the anchor client for crude oil, LNG, and LPG transport, alongside an expanding third-party freight business pursued under the S4GO growth strategy.

PIS's core products span international tanker shipping of crude oil, LNG, LPG, and petroleum products; vessel management and fleet operations; port and terminal operations including the 98,000 MT Tanjung Sekong LPG Terminal; and offshore energy infrastructure through FSO (Floating Storage and Offloading), FPSO (Floating Production Storage and Offloading), and FLNG (Floating Liquefied Natural Gas) assets. Its technology platform is built around maritime logistics and fleet management operations, with a strategic fleet modernization program emphasizing eco-friendly dual-fuel vessels, biodiesel blends across 146 vessels, and readiness for cleaner fuels including LNG, LPG, green ammonia, biofuel, methanol, hydrogen, and ammonia. A green hydrogen pilot using geothermal-sourced hydrogen supplies roughly 25% of the Tanjung Sekong LPG Terminal's operational electricity needs, signaling early entry into clean energy integration at port assets.

Revenue is generated through transaction-based shipping and freight fees, managed maritime services contracts, and offshore infrastructure services delivered under B2B enterprise agreements. GTM motion is enterprise field sales targeting energy sector customers, supplemented by high-visibility event marketing such as the Posidonia 2026 maritime exhibition in Athens, where PIS engaged international shipping leaders and investors. In February 2023, PIS secured a $185 million syndicated loan from Bank BTPN, BNI, MUFG, Mizuho, and SMBC to fund fleet expansion, an LPG terminal, and two small LPG carriers. Effective February 1, 2026, Pertamina announced the merger of PIS with PT Kilang Pertamina Internasional into PT Pertamina Patra Niaga, integrating downstream logistics with refining functions while PIS continues to operate under its existing identity and execute its S4GO roadmap.

Name

PT Pertamina International Shipping (PIS)

Legal name

PT PERTAMINA INTERNATIONAL SHIPPING

Website

https://pertamina-pis.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

PT Pertamina International Shipping (PIS) is a state-owned integrated maritime logistics subsidiary of PT Pertamina, operating 63 vessels across 65 international routes to ship crude oil, LNG, and LPG, and to provide port operations, asset ownership, and offshore energy infrastructure services to enterprise energy customers.

Ownership category

akta.pro rank

Product category

Maritime Shipping & Logistics

NAICS

Support Activities for Water Transportation (4883), Coastal and Great Lakes Freight Transportation (483113)

SIC

Water Transportation (4400), Deep Sea Foreign Transportation Of Freight (4412)

akta.pro primary industry

Liquid Bulk / Crude & Product Tanker Operators (VLCC/Suezmax/Aframax/MR) (TLADABAD)

akta.pro secondary industries

Crude Oil Tanker Shipping (EUALADAG), Port Operations Control Center / Port Call Orchestration (TLAHAFAI), Crude Oil & Petroleum Products Tanker Transport (TLADALAA)

Keywords

• Maritime shipping services
• Tanker fleet operations
• Marine logistics solutions
• Offshore energy infrastructure
• LNG transportation services

Headquarters

HQ city

Jakarta Pusat

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Supply Chain, Personnel, Technology or R&D

Revenue model

1. Shipping and Freight Services: Revenue from operating 63 vessels across 65 international routes, providing shipping services for crude oil, LNG, LPG, and other energy products. Includes third-party cargo transportation expanding under S4GO strategy.
2. Maritime Services: Maritime services segment providing port operations, asset ownership, and logistics support across five business sectors.
3. Offshore Energy Infrastructure: Growth of offshore energy infrastructure including FSO (Floating Storage and Offloading), FPSO (Floating Production Storage and Offloading), and FLNG (Floating Liquefied Natural Gas) operations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

PIS is the integrated maritime logistics subsidiary of state-owned PT Pertamina, operating a fleet of 63 vessels across 65 international routes to ship crude oil, LNG, LPG, and petroleum products. It delivers end-to-end maritime services across five sectors — shipping, maritime services, port operations, asset ownership, and logistics — including offshore energy infrastructure such as FSO, FPSO, and FLNG operations. The company is modernizing its broader 320-tanker fleet with eco-friendly dual-fuel vessels and expanding third-party freight under its S4GO growth strategy.

Product overview

PT Pertamina International Shipping (PIS) operates as an integrated maritime logistics subsidiary of state-owned PT Pertamina, offering a unified platform of shipping, maritime services, port operations, asset ownership, and logistics solutions. The company manages a fleet of 63 vessels serving 65 international routes across five core sectors: shipping (tanker operations for crude oil, LNG, LPG), maritime services (vessel management), port operations (terminal management including Tanjung Sekong LPG Terminal), offshore energy infrastructure (FSO, FPSO, FLNG operations), and logistics. The S4GO strategy drives fleet modernization with eco-friendly dual-fuel vessels and expansion of third-party freight business, positioning PIS as a leading integrated maritime and logistics player in the Asia-Pacific region.

Differentiator

Problem solved

Functional benefit

Products and services

• Shipping Services

Quantifiable outcome

• Fleet expansion to 640+ tankers over 10 years
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered minor and core.

• International Maritime CompaniesminorStrategic or Co-development Partner · 5 June 2026PIS held strategic business engagements with international maritime companies at Posidonia 2026 to explore future collaboration opportunities, focusing on fleet modernization and offshore energy infrastructure development.
• Indonesian Embassy in AthensminorGTM or Marketing Partner · 5 June 2026Collaboration with Indonesian Embassy in Athens to host a forum at Posidonia 2026 aimed at attracting international investors and maritime partners to Indonesia's growing shipping, port, and blue economy sectors.
• United Kingdom (Memorandum of Understanding)coreStrategic or Co-development Partner · 1 February 2023Indonesia forged international partnership with the United Kingdom on sustainable shipping and shipbuilding in February 2023. PIS actively drives decarbonization through cleaner fuels like LNG, LPG, green ammonia as part of this national initiative.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• MISC Berhad: MISC Berhad is Malaysia's integrated maritime and energy logistics operator, including tanker, LNG, and offshore businesses. It is the closest state-affiliated Asian integrated maritime peer to PIS, with comparable LNG/Petroleum shipping, offshore FSO/FPSO operations, and government backing.
• Stena Bulk: Stena Bulk is a Swedish product and chemical tanker operator with one of the largest MR and Suezmax fleets globally. Comparably involved in transporting crude and refined products along international trade routes that overlap with PIS's stated 65-route network.
• Euronav: Euronav operates one of the world's largest crude tanker fleets focused on VLCC and Suezmax tonnage. Directly competes with PIS's crude tanker operations on global deep-sea routes and is a benchmark for fleet economics in this segment.
• Frontline plc: Frontline is a leading Bermuda-based global crude/product tanker operator with VLCC, Suezmax, Aframax, and LR2 tonnage. It is a directly comparable public peer for benchmarking utilization, charter rates, and fleet growth strategy versus PIS.
• DHT Holdings: DHT Holdings is a pure-play VLCC operator transporting crude oil globally. It is a focused peer for evaluating crude tanker unit economics that PIS competes with in the seaborne crude segment.
• BW LPG: BW LPG is the world's largest LPG carrier operator with VLGC tonnage. PIS's LPG shipping expansion (Tanjung Sekong Terminal + two small LPG carriers) makes BW LPG a directly comparable peer in LPG tonnage.
• International Seaways: International Seaways is a US-listed tanker operator with VLCC, Suezmax, Aframax, and Panamax/LR2 tonnage across crude and product segments. Comparable to PIS as a diversified international product/crude tanker operator.
• Torm plc: Torm is one of the largest product tanker operators globally, focused on MR and LR1 segments. Directly comparable to PIS's product tanker business on international refined-product routes.

Broad incumbents

• Mitsui O.S.K. Lines: Mitsui O.S.K. Lines is a large Japanese diversified shipping group with tanker, LNG, dry bulk, container, and offshore operations. Comparable as a broad incumbent in Asian maritime logistics, with significant LNG tonnage relevant to PIS's LNG business.

Regional players

• Meratus (PT Meratus Line): Meratus is an Indonesian shipping and logistics company serving domestic archipelagic routes. It is a regional peer for the Indonesian maritime logistics footprint that PIS leverages through its archipelagic location advantage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/pertamina_pis
• Facebookfacebook.com/PertaminaPIS

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PT Pertamina International Shipping (PIS)