Jaya Samudra Karunia Group

What Jaya Samudra Karunia Group does

Jaya Samudra Karunia Group (JSK) is an Indonesian maritime and energy infrastructure company founded in October 2004 in Jakarta, originally established with a single 29,000 DWT Handy Size vessel to ship coal from Kalimantan to the Suralaya Power Plant. Over two decades it has grown into a multidisciplinary operator spanning coal shipping, LNG logistics, and floating power infrastructure, with a fleet spanning Handysize, Handymax, Supramax, and Panamax bulk carriers, a 10,951 DWT LNG carrier (S/S Pelita Energy, 2021), and floating regasification assets including the Karunia Dewata FSRU (26,000 CBM storage, 60 MMSCFD regasification). Its core customer base is Indonesian state-owned power generation companies, particularly PLN and its subsidiaries (Indonesia Power, Pelindo Energi Logistik, PLN EPI), with whom it holds multi-year charter and service contracts.

The company's distinctive technological platform is its floating LNG infrastructure stack — the Benoa LNG Terminal in Bali (the first Mini-LNG infrastructure in Asia, supplying 40 mmscfd to the 200 MW Pesanggaran plant), Barge Mounted Power Plants (BMPP) that integrate storage, regasification, and power generation on a single mobile unit, and a 1.3 MTPA Floating LNG processing facility under development in Bintuni, Papua. These assets are purpose-built for Indonesia's archipelago geography, avoiding land acquisition issues and enabling relocation to match seasonal demand.

JSK monetizes through long-term recurring contracts: 5-year FRU and 10-year FSU charters at Benoa, a 15-year coal transport contract with a major Java power plant, and a 7-year LNG shuttle fixture with PT Humpuss worth ~US$100M. Revenue streams combine subscription-style infrastructure services (FSRU/FSU), managed LNG transport, and coal transport of 8+ million tonnes annually to power plants in Indonesia, China, Korea, and the Philippines. The group is structured across wholly-owned and majority-owned subsidiaries (JSK Gas, JSK Karya Gas, Benoa Gas Terminal, Jaya Transportasi LNG, JSK Singapore, and a Singapore transhipment arm), with CEO Dennis SK Jang leading the group and a minority 49% stake in JSK Gas held by Malaysia's Coastal Contracts Bhd since 2016.

Name

Jaya Samudra Karunia Group

Legal name

PT. Jaya Samudra Karunia

Website

https://jsk.co.id

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

51–100 employees

Short description

Jaya Samudra Karunia Group is an Indonesian maritime and energy infrastructure company operating a coal shipping fleet, LNG carrier, and floating LNG regasification units, serving primarily state-owned power utilities (PLN group) and Asian power plants under multi-year charter contracts.

Ownership category

akta.pro rank

Product category

Maritime LNG Infrastructure & Coal Shipping Services

NAICS

Marine Cargo Handling (488320), Marine Cargo Handling (48832)

SIC

Water Transportation (4400), Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro primary industry

LNG Import/Export Terminals & Storage (Regas, Peak Shaving, Small-Scale LNG) (EUALAEAD)

akta.pro secondary industries

LNG Midstream Services & Logistics (Reloading, Transshipment, Breakbulk) (EUALAFAG), LNG & LPG Marine Shipping (Carriers) (EUALADAF), LNG Shipping & Marine Transportation (LNG Carriers, Chartering) (EUALAFAC)

Keywords

• LNG infrastructure services
• Coal transportation services
• Floating storage regasification
• Maritime shipping services
• LNG carrier operations

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. LNG Infrastructure Services: Long-term contracts for LNG regasification and storage services through FSRU operations. Revenue generated from providing floating LNG infrastructure to power plants, including 5-year FRU contracts and 10-year FSU charter contracts with optional 13-year extension.
2. Coal Transportation: Long-term charter contracts for coal transportation from Kalimantan mines to power plants in Indonesia, China, Korea, Philippines and other Asian markets. Total volume exceeds 8 million tonnes of coal per year.
3. LNG Carrier Operations: Operation of LNG carriers including S/S Pelita Energy for LNG transport from Bontang liquefaction plant to floating terminals.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

JSK Group delivers maritime coal transportation services and floating LNG infrastructure solutions (FSRU, BMPP, Mini-LNG terminals, LNGC). The company owns and operates a diversified fleet of bulk carriers and the S/S Pelita Energy LNG carrier under long-term charter contracts with state-owned power generators and mining companies across Indonesia and Asia.

Product overview

Jaya Samudra Karunia Group is a multidisciplinary energy and shipping company that has evolved from coal transportation roots into an LNG infrastructure and power producer specializing in floating units. The portfolio includes four main LNG solution products: Bali Floating LNG Terminal (mini LNG terminal with FRU & FSU), Barge Mounted Power Plant (BMPP - mobile integrated power generation), Floating Storage Regasification Unit (FSRU), and Liquid Natural Gas Carrier (LNGC - S/S Pelita Energy vessel). These floating solutions are complemented by coal transportation services using a diverse fleet including bulk carriers and deck cargo vessels. The company operates primarily in Indonesia's domestic market with long-term contracts for coal and LNG delivery to power plants.

Differentiator

Problem solved

Functional benefit

Products and services

• Bali Floating LNG Terminal Mini LNG terminal at Benoa, Bali featuring floating regasification and storage units (FRU and FSU) that supply regasified LNG to the 200 MW Pesanggaran power plant, delivering 40 mmscfd of gas. Targeted at Indonesian state-owned power generation utilities seeking diesel-to-LNG fuel conversion.
• Barge Mounted Power Plant (BMPP) Integrated floating power generation solution combining LNG storage, regasification, and gas distribution on a mobile barge platform, designed to address land constraints and seasonal demand shifts. Targeted at power generation customers in remote island and archipelago regions requiring relocatable generation capacity.
• Floating Storage Regasification Unit (FSRU) Floating unit that receives LNG shipments, stores LNG, and regasifies it for delivery to power plants or gas distribution networks. JSK operates the Karunia Dewata (26,000 CBM storage / 60 MMSCFD regasification) as the first Indonesian-operated small-scale FSRU. Targeted at Indonesian power generators and state-owned LNG infrastructure customers.
• Liquid Natural Gas Carrier (LNGC) — S/S Pelita Energy LNG carrier vessel (S/S Pelita Energy) with 10,951 DWT and 18,563 CBM cargo capacity, built in Japan with NK Class certification, used to shuttle LNG under charter to Indonesian state-owned LNG and power customers.
• Coal Transportation Services Sea coal transportation services using JSK's diversified fleet of Special Coal Carriers (10,000 DWT), Panamax (65,000-73,000 DWT), Supramax, Handymax, and Handysize vessels, with annual capacity exceeding 8 million tonnes. Targeted at Indonesian and Asian coal mining companies and power generators needing bulk maritime transport of coal from Kalimantan to domestic and overseas power plants.

Quantifiable outcome

• Saves Rp 4 billion (US$300,000) per day in fuel costs by replacing diesel with LNG at Bali power plant
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered major and core.

• Coastal Contracts BhdmajorStrategic or Co-development Partner · 30 July 2016Partnership formed through acquisition of 49% stake in PT Jaya Samudra Karunia Gas (JSK Gas) for approximately US$20.8 million. Focuses on floating LNG regasification facilities (FSRU) for Indonesian energy market. Joint venture enhances capabilities in LNG supply chain and downstream technology expertise.
• PT Pelindo Energi Logistik (PEL)coreStrategic or Co-development PartnerPEL, a subsidiary of state-owned Pelindo Indonesia III, signed contract with JSK Group to operate Benoa LNG terminal consisting of Floating Regasification Unit (FRU) and Floating Storage Unit (FSU). JSK provides the FSRU solution for delivering LNG to Bali's Pesanggaran power plant.
• PT HumpusscoreChannel Partner/ Reseller/ DistributorJSK charters Triputra (ex-Surya Satsuma), a 23,000m3 LNGC owned by PT Humpuss, to shuttle 300,000 tonnes per annum of LNG from Bontang liquefaction plant in Kalimantan to Benoa terminal. Seven-year fixture worth US$100m to Humpuss.

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Regional players

• Samudera Indonesia: Samudera Indonesia is a major Indonesian shipping and logistics conglomerate offering container, bulk, and tank services. Comparable as a fellow Indonesian maritime company serving similar domestic and regional shipping customers, though with broader service breadth than JSK's coal/LNG focus.

Direct peers

• Golar LNG: Golar LNG is a direct FSRU and FLNG peer, operating the world's first FLNG vessel (Hilli Episeyo) and a fleet of FSRUs globally. Highly comparable to JSK's Benoa FSRU operations and Bintuni FLNG development, competing in the same floating LNG infrastructure category.
• New Fortress Energy: New Fortress Energy develops small-scale LNG infrastructure including FSRUs and FLNGs to displace diesel and fuel oil in power generation, with a focus on emerging markets. Highly comparable to JSK's Mini-LNG infrastructure strategy targeting diesel displacement in the Indonesian archipelago.
• Höegh LNG: Höegh LNG is one of the world's leading FSRU operators with a global fleet of floating storage regasification units. Directly comparable to JSK's small-scale FSRU business, serving similar utility/power generation customers with similar floating regasification technology.
• Pacific Basin Shipping: Pacific Basin Shipping is a Hong Kong-listed dry bulk shipping company focused on Asia-Pacific trade. Directly comparable to JSK's coal transportation business (8M+ tonnes/yr from Kalimantan to Asian power plants), operating similar Handysize, Handymax, and Supramax vessel classes in regional coal trades.
• BW LNG: BW LNG is a global LNG carrier and FSRU operator with a fleet of LNG newbuilds and conversion projects. Comparable to JSK's combined LNG carrier (S/S Pelita Energy) and FSRU (Karunia Dewata) operations, with similar small-to-mid-scale LNG infrastructure positioning.
• Excelerate Energy: Excelerate Energy pioneered the FSRU concept and operates a fleet serving global LNG import markets. Directly comparable to JSK's FSRU-based regasification services at Benoa, with similar utility-scale LNG infrastructure contracts and a focus on emerging LNG import markets.

Broad incumbents

• Mitsui O.S.K. Lines (MOL): MOL is a major Japanese shipping conglomerate with a significant LNG carrier fleet and emerging FSRU interests. While much larger and more diversified than JSK, MOL competes in the same LNG carrier and floating infrastructure space with greater balance sheet capacity.
• PT Pertamina (Persero): Pertamina is Indonesia's state-owned oil and gas company operating LNG liquefaction (Bontang, Tangguh) and downstream gas distribution. JSK partners with Pertamina-adjacent entities (PLN, PEL) and competes/coordinates with them in LNG supply chain and infrastructure development in Indonesia.

Emerging players

• Awilco LNG: Awilco LNG is a small-scale Norwegian LNG carrier operator with a fleet of LNG newbuilds serving regional and shuttle trades. Comparable to JSK's LNG carrier operations (S/S Pelita Energy shuttle from Bontang to Benoa), though Awilco focuses on European/Atlantic trades vs JSK's Asia-Pacific focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pt-jsk-shipping

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries10 records

Funding overview

Funding rounds

Investors

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 Jaya Samudra Karunia Group