Penascop Group
Penascop Group is a privately held Asian maritime services conglomerate operating across 10 countries, providing shipping agency, logistics, stevedoring, ship management, ship supply, underwater hull cleaning, and proprietary pneumatic vacuum cleaner manufacturing to commercial ship owners and industrial manufacturers.
- Company typePrivate
- Founded2018
- HeadquartersDki Jakarta, Indonesia
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Penascop Group does
Penascop Group is a privately held maritime and logistics services conglomerate headquartered across multiple Asian jurisdictions (with primary operational roots in Korea and Indonesia, and Bangkok listed as a headquarters office). Founded as a global shipping agency, the company operates a network of wholly-owned subsidiaries spanning 10 Asian countries — China, Japan, Korea, Indonesia, Myanmar, Philippines, Singapore, Taiwan, Thailand, and Vietnam — with 16+ documented office locations including regional headquarters in Shanghai and Seoul, plus multiple operations offices at major Indonesian ports such as Jakarta, Surabaya, Balikpapan, Palembang, and Samarinda.
The company derives revenue from seven integrated service lines: (1) shipping agency (vessel clearance, cargo agency, port captain services, protective agency, documentation), (2) domestic and international logistics (warehousing, inland trucking, project cargo, sea/air freight), (3) stevedoring (cargodoring, project cargo handling, grain discharge), (4) ship management (repair coordination, crewing), (5) ship supply (marine engine spare parts from OEMs such as MAN B&W, Mitsubishi, Yanmar, Daihatsu), (6) underwater hull cleaning and inspection via PT. Penascop UWC Indonesia, and (7) manufacturing and sales of proprietary pneumatic vacuum cleaners via Penascop Seatech Co., Ltd. in Busan, Korea. The pneumatic vacuum product line (models PT-V50, PT-V200, PT-V400, PT-V700) operates without electricity or moving parts, enabling spark-free use in hazardous industrial environments such as refineries, shipyards, and aircraft plants.
Penascop sells primarily through direct B2B relationships to ship owners, charterers, and industrial manufacturers, served via its regional office network. Pricing is not publicly disclosed. The company is privately held by founding members and management; no venture capital, private equity, or public market ownership has been disclosed. Headcount is reported in the 101-250 range. The Board comprises Indra Eka Priatna, Lee Si Hyun (Shean), and Choi Sung Yeon (Rio), with regional managing directors across operating countries.
Penascop Group firmographics
Firmographics- Name
- Penascop Group
- Legal name
- Penascop Group
- Website
- https://penascop-group.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Penascop Group is a privately held Asian maritime services conglomerate operating across 10 countries, providing shipping agency, logistics, stevedoring, ship management, ship supply, underwater hull cleaning, and proprietary pneumatic vacuum cleaner manufacturing to commercial ship owners and industrial manufacturers.
- Ownership category
- akta.pro rank
Penascop Group industry classification
Industry- Product category
- Maritime Logistics Services
- NAICS
- Marine Cargo Handling (488320), Other Support Activities for Water Transportation (48839), Ship Building and Repairing (336611), Support Activities for Water Transportation (4883)
- SIC
- Water Transportation (4400), Ship & Boat Building & Repairing (3730), General Industrial Machinery & Equipment, Nec (3569)
- akta.pro primary industry
- Stevedoring & Vessel Loading/Discharging (Ship-to-Shore Operations) (TLAHALAA)
- akta.pro secondary industries
- Underwater Hull Inspection, Cleaning & Propeller Services (TLAKAKAJ), Marine Terminals & Cargo Handling Infrastructure (RoRo, Bulk, Container) (IMAFAJAF), Marine MRO Parts & Consumables Distribution (TLAKAOAJ)
Keywords
Where Penascop Group is headquartered
LocationHeadquarters
- HQ city
- Dki Jakarta
- HQ country
- Indonesia
- HQ region
- Asia
Offices16 records
Markets served
Penascop Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Shipping Agency Services: Integrated shipping agency services including ship agency, cargo agency, cargo operations, port captain services, vessel clearance, and documentation for Indonesian ports.
- Logistic Services: Domestic and international freight forwarding, warehouse services, inland trucking, project cargo handling, and sea/air freight services.
- Stevedoring Services: Cargo handling services including loading/unloading, project cargo, mineral cargo, and grain handling at Indonesian ports.
- Ship Management: Ship repair maintenance and crew management services for vessels.
- Ship Supply: Supply of spare parts for marine and power plant equipment including engines, purifiers, turbo chargers, pumps, and shipbuilding materials.
- Underwater Services: Underwater hull cleaning and inspection services through PT. Penascop UWC Indonesia.
- Pneumatic Vacuum Cleaner Sales: Manufacturing and sales of industrial pneumatic vacuum cleaners (PT-V50, PT-V200, PT-V400, PT-V700) for shipbuilding, refinery, aircraft plants, and industrial manufacturing.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Penascop Group product offering
Product offeringCore offering
Penascop Group provides integrated maritime services — shipping agency, cargo and logistics operations, stevedoring, ship management (repair and crewing), marine spare-part supply, and underwater hull cleaning — to commercial vessel operators and industrial clients across Asia. It also manufactures and sells a proprietary line of spark-free, electricity-free pneumatic vacuum cleaners (PT-V50/PT-V200/PT-V400/PT-V700) through its Korea-based Penascop Seatech subsidiary, targeting shipbuilding, refinery, aircraft plants, foundries, and similar hazardous industrial environments.
Product overview
Penascop Group operates three integrated business segments: (1) Shipping and Logistics Services across Asia-Pacific including shipping agency, logistics, stevedoring, ship management, and ship supply operations in Indonesia, Vietnam, China, Japan, Korea, Singapore, Taiwan, Thailand, Philippines, Myanmar, and through PT. Penascop Maritim Indonesia; (2) Marine Services including underwater hull cleaning through PT. Penascop UWC Indonesia; and (3) Industrial Manufacturing through Penascop Seatech Co., Ltd., producing the Penascop Pneumatic Vacuum Cleaner product line (models PT-V700, PT-V400, PT-V200, PT-V50). These spark-free, electricity-free industrial vacuum systems serve shipbuilding, refineries, aircraft plants, machining, foundries, and gas stations. The company also provides spare parts for marine engines and power plant equipment.
Differentiator
Problem solved
Functional benefit
Products and services
- Shipping Agency Integrated shipping agency services for commercial vessels calling Indonesian ports, covering ship agency, cargo agency, cargo operations, cargo superintendents and port captain services, vessel in/out clearance, protective agent services for ship owners and charterers, and full documentation handling for commodities including coal, iron ore, grain, steel products, and LNG.
- Logistic Services Domestic and international logistics services including warehouse services (storage, cargo handling, cross docking, inventory management, packaging), inland trucking (container trailers, wing boxes, flatbed, lowbed, mobile crane), project cargo management, and sea and air freight forwarding with global network coverage.
- Stevedoring Service Cargo handling services at Indonesian ports including cargodoring (moving goods between dock and vessel hull), warehouse/field to truck operations, project cargo handling for oil and gas and minerals, and grain discharge services.
- Ship Management Ship management services including coordination of ship repair and maintenance, and crewing services supplying qualified crew and officers from Indonesia for safe and efficient vessel operations.
- Ship Supply Supply of marine equipment and spare parts including low-speed and medium-speed diesel engines (MAN B&W, Akasaka-Kobe, Niigata, Mitsubishi, Hanshin, Mitsui, Daihatsu, Yanmar), purifiers, turbo chargers, air compressors, pumps, and shipbuilding equipment and materials such as airless spray pumps and pneumatic vacuum cleaners.
- Underwater Service Underwater hull inspection and cleaning services performed by trained diving personnel using modern equipment to remove biological fouling and maintain vessel hydrodynamic performance without damaging hull coatings.
- Penascop Pneumatic Vacuum Cleaners (PT-V50 / PT-V200 / PT-V400 / PT-V700) Industrial pneumatic vacuum cleaners manufactured by Penascop Seatech in Korea that operate on compressed air (1-7 bar) without electricity or moving parts, providing spark-free cleaning for hazardous environments. Four models available — PT-V50 (6L, 3kg), PT-V200 (20L, 7.2kg), PT-V400 (40L, 10.6kg), PT-V700 (70L, 21kg) — supporting dry and wet use for water, oil, cutting chips, pellets, dust, and sludge. Applications include shipbuilding, refineries, aircraft plants, machining factories, foundries, injection-moulding works, and gas stations.
Companies that use Penascop Group
Customer profileSegments3 records
Ideal customer profiles2 records
Penascop Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Penascop Group partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Sub-suppliers and strategic alliance companiessupportingThrough good relationships with sub-suppliers and forming strategic alliances with numerous reputable companies, Penascop has the ability to offer customers competitive pricing without compromising quality of products and services. They supply marine spare parts from manufacturers including MAN B&W, AKASAKA-KOBE, NIIGATA, MITSUBISHI, HANSHIN, MITSUI, DAIHATSU, YANMAR, and others.
Scale indicators3 records
Recent moves1 record
Expansion highlights4 records
Penascop Group competitors and assessment
Company assessmentBroad incumbents
- ISS A/S (Maritime): ISS provides ship agency, port logistics, and crew management globally — a broader incumbent with overlapping ship management, agency, and supply services targeting similar commercial shipping customers.
- Nilfisk: Nilfisk is a global manufacturer of industrial vacuum cleaners with extensive industrial and hazardous-area product lines — the dominant incumbent that Penascop Seatech's pneumatic vacuum line competes against in shipyards and refineries.
- Wilhelmsen Ship Management: Wilhelmsen offers global ship agency, ship management, and maritime products, including underwater hull cleaning services through Wilhelmsen Ships Service — a broader incumbent overlapping all of Penascop's service lines.
Direct peers
- Inchcape Shipping Services: Inchcape provides ship agency, maritime services, and vessel support across major ports worldwide; competes head-to-head with Penascop for shipping line agency mandates, particularly across Asian hubs.
- Trans Global Projects: TGP specializes in project cargo logistics and ship agency for heavy lift, oil & gas, and industrial clients in Asia — a direct comparable for Penascop's project cargo and stevedoring services.
- GAC (Gulf Agency Company): GAC is one of the world's largest ship agencies, offering port agency, husbandry, logistics, and ship supply across a global network — directly comparable to Penascop's integrated agency and stevedoring services across Asia.
- Subsea Industries (Hydrex): Hydrex/Subsea Industries performs underwater hull cleaning and repair globally; comparable to Penascop UWC's fouling removal and hull inspection services at Indonesian ports.
- HullWiper: HullWiper provides underwater hull cleaning using remotely operated vehicles at major Asian ports — a direct peer to Penascop UWC's diving-based underwater hull cleaning service in Indonesia.
- Biehl + Co: Biehl + Co is an Asian-headquartered ship agency and logistics provider active in China, Korea, and Southeast Asia, comparable in size, footprint, and integrated service offering to Penascop Group.
Regional players
- Sinokor Merchant Marine: Sinokor is a Korean-headquartered shipping and logistics group active across Northeast Asia — a regional peer with overlapping ship agency and feeder shipping services in markets where Penascop also operates.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Penascop Group social profiles
Digital presencePenascop Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Penascop Group leadership team
Management profileNumber of profiles
Profiles6 records
Penascop Group subsidiaries and ownership
Company hierarchySubsidiaries15 records
Penascop Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Penascop Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Penascop Group
What does Penascop Group do?
Penascop Group provides integrated maritime services — shipping agency, cargo and logistics operations, stevedoring, ship management (repair and crewing), marine spare-part supply, and underwater hull cleaning — to commercial vessel operators and industrial clients across Asia. It also manufactures and sells a proprietary line of spark-free, electricity-free pneumatic vacuum cleaners (PT-V50/PT-V200/PT-V400/PT-V700) through its Korea-based Penascop Seatech subsidiary, targeting shipbuilding, refinery, aircraft plants, foundries, and similar hazardous industrial environments.
Is Penascop Group a public or private company?
Penascop Group is a private company. It is classified as management employee owned and is currently operating.
When was Penascop Group founded?
Penascop Group was founded in 2018. It employs 101 to 250 people.
Where is Penascop Group based?
Penascop Group is headquartered in Dki Jakarta, Indonesia, in the Asia region.
How does Penascop Group make money?
Seven revenue lines are on record. Shipping Agency Services are the primary driver. The others are logistic Services, stevedoring Services, ship Management, ship Supply, underwater Services and pneumatic Vacuum Cleaner Sales.
Who are Penascop Group's main competitors?
Broad incumbents on record are ISS A/S (Maritime), Nilfisk and Wilhelmsen Ship Management. Direct peers are Inchcape Shipping Services, Trans Global Projects, GAC (Gulf Agency Company), Subsea Industries (Hydrex), HullWiper and Biehl + Co. Sinokor Merchant Marine is listed as a regional player.
Does Penascop Group have an API?
No public API is recorded for Penascop Group.
What industry is Penascop Group in?
Penascop Group's product category is Maritime Logistics Services. Its primary akta.pro industry code is TLAHALAA, Stevedoring & Vessel Loading/Discharging (Ship-to-Shore Operations), with a secondary code of TLAKAKAJ, Underwater Hull Inspection, Cleaning & Propeller Services. Its NAICS code is 488320 and its SIC code is 4400.