PT Pelayaran Nasional Ekalya Purnamasari Tbk

What PT Pelayaran Nasional Ekalya Purnamasari Tbk does

PT Pelayaran Nasional Ekalya Purnamasari Tbk (IDX ticker: ELPI) is an Indonesian integrated maritime services provider established in April 1992 and headquartered in Surabaya. The company operates a fleet of 115+ vessels (106 owned offshore vessels) spanning crew boats, Anchor Handling Tug Supply (AHTS), Platform Supply Vessels (PSV), Landing Craft Tanks (LCT), tugboats, and bulk carriers, serving primarily Indonesia's oil and gas Production Sharing Contract (PSC) contractors including Exxon Mobil Cepu, PT Total E&P Indonesia, and PT Layar Nusantara Gas. Its vertically integrated platform includes two wholly-owned shipyards — PT Eka Multi Bahari in Samarinda (4,000-5,000 tons annual capacity) and PT Orela Shipyard in Gresik (300 tons/month steel capacity) — which design BKI-class vessels and provide maintenance, repair, and customization. The company also operates the MOTE DP Training Center (accredited by the Nautical Institute UK) and provides dry bulk transportation through subsidiaries SLSA and ENA.

ELPI generates revenue across five streams: vessel charter and shipping services (the core, multi-year time charters with energy companies), in-house shipyard construction and repair services, dry bulk coal and commodity transport via tug and barge fleets, maritime training programs, and end-to-end logistics including shorebase operations. Major contract wins include a five-year US$25.9 million Exxon Mobil Cepu AHTS charter (until 2029) and an 18-year Rp2.39 trillion FLNG Marine Fleet Charter with PT Layar Nusantara Gas for the Genting FLNG Project in Bintuni Bay, West Papua. Pricing is contract-specific and negotiated through competitive tenders with enterprise buyers. ELPI pursues a B2B enterprise field sales motion complemented by brand-building through industry awards (BILA, IDX Channel ESG Awards) and is expanding internationally into Malaysia and Abu Dhabi. FY2025 reported revenue of Rp1.01 trillion and net profit of Rp209.19 billion, with Q3 2025 EBITDA margin of 41%. The company listed on the Indonesia Stock Exchange in August 2022 and is pursuing a Rp739.34 billion rights issue plus Rp395.2 billion Bank Mandiri investment loan to fund further fleet expansion.

Name

PT Pelayaran Nasional Ekalya Purnamasari Tbk

Legal name

PT Pelayaran Nasional Ekalya Purnamasari Tbk

Website

https://elpi.co.id

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

251–500 employees

Short description

PT Pelayaran Nasional Ekalya Purnamasari Tbk (ELPI) is an Indonesian integrated maritime services provider operating 115+ vessels, two in-house shipyards, and a DP training center, serving oil and gas PSC contractors and dry bulk customers across Indonesia, Malaysia, and the UAE.

Ownership category

akta.pro rank

Product category

Offshore Maritime Services

NAICS

Support Activities for Water Transportation (4883), Ship Building and Repairing (336611)

SIC

Water Transportation (4400), Ship & Boat Building & Repairing (3730), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS) (TLADABAL)

akta.pro secondary industries

Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ), Subsea Construction & IMR Vessel Newbuilds (CSV, DSV, ROV Support) (IMAJACAD)

Keywords

• Offshore support vessel services
• Vessel chartering services
• Shipbuilding and repairs
• Dry bulk transportation
• Maritime logistics services

Headquarters

HQ city

Surabaya

HQ country

Indonesia

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Vessel Charter and Shipping Services: ELPI provides ship chartering services with its fleet of over 100 vessels including Crewboats, AHTS, PSV, and specialized vessels. Revenue is generated through time charters and contracts with oil and gas companies requiring offshore support vessel services. The company has secured major long-term contracts including a 5-year US$25.9 million contract with Exxon Mobil Cepu (until 2029) and an 18-year Rp2.39 trillion FLNG project contract.
2. Shipyard Services: ELPI operates shipyards in Samarinda (PT Eka Multi Bahari) and Gresik (PT Orela Shipyard) providing shipbuilding, repairs, and maintenance services. These in-house shipyards provide competitive advantage in docking and vessel availability while generating revenue from ship construction and repair services.
3. Dry Bulk Transportation: Through subsidiaries SLSA and ENA, ELPI provides dry bulk transportation services for coal and industrial commodities using tug and barge fleets and Supramax Bulk Carrier vessels, diversifying revenue beyond offshore support vessel services.
4. Maritime Training Services: MOTE DP Training Center provides maritime training including Dynamic Positioning Training, Pilotage Training, and management development courses. Training programs offer internationally accredited professional certifications to seafarers and offshore personnel domestically and internationally.
5. Logistics Services: End-to-end logistics services including warehousing, shorebase operations, transportation, heavy equipment management, terminal management, and cargo documentation supporting offshore operations.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

ELPI provides offshore vessel chartering services to oil and gas Production Sharing Contractors using a fleet of 115+ vessels including Crewboats, Anchor Handling Tug Supply (AHTS), Platform Supply Vessels (PSV), Landing Craft Tanks (LCT), tugboats and bulk carriers. The company operates vertically integrated shipyards (PT Eka Multi Bahari in Samarinda and PT Orela Shipyard in Gresik) for vessel construction and repair, dry bulk transportation services for coal and industrial commodities, end-to-end offshore logistics, and the MOTE DP Training Center for Dynamic Positioning training accredited by the Nautical Institute UK.

Product overview

PT Pelayaran Nasional Ekalya Purnamasari (ELPI) is a maritime services company offering a comprehensive portfolio of products organized into core service lines and fleet operations. The core services include Shipping (cargo transportation), Shipyard (shipbuilding and repairs), Dry Bulk (commodity transport), Training Center (DP and maritime training), Logistic Services (end-to-end logistics), and Agency Services (port agency). The fleet operations encompass Utility Vessels, Platform Supply Vessels (PSV), Crew Boats, Anchor Handling Tug Supply (AHTS), and Tug Boats & Bulk Carriers. Supporting these core operations are six key subsidiaries/affiliates: PT ELPI Offshore (offshore supply vessels), PT Eka Multi Bahari (shipbuilding in Samarinda), PT Orela Shipyard (shipbuilding/repair in East Java), PT ELPI Nusantara Armada (tug & barge for coal), PT Samudra Luas Sejahtera Abadi (dry bulk carrier), and MOTE DP Training Center (dynamic positioning training). The company operates over 100 fleet units and provides total maritime solutions ranging from vessel charter to EPC services.

Differentiator

Problem solved

Functional benefit

Brands

• ELPI Offshore (ELPIO): Subsidiary focusing on providing Offshore Supply Vessel (OSV) services for Landing Craft Tanks, Specialized Vessels, Anchor Handling Tugs, and AHTS vessels.
• MOTE (Maritime Offshore Technology & Engineering)

Products and services

• Shipping Services Efficient and reliable shipping solutions for various types of cargo, including heavy goods and large-scale projects, with timely and secure delivery to designated destinations for oil and gas and industrial clients.
• Shipyard Services Integrated shipyard solutions including shipbuilding, repairs, and EPC (Engineering, Procurement, and Construction) services for Oil & Gas infrastructure development, operated through PT Eka Multi Bahari in Samarinda and PT Orela Shipyard in Gresik.
• Dry Bulk Services Transportation services for mining materials, agricultural products, and industrial commodities using modern, high-capacity bulk carriers with reliable and safe logistics operations across Indonesia.
• Training Center Services Integrated training programs including DP (Dynamic Positioning) Training, Pilotage Training, and Management & Skill Development courses for onshore personnel and seafarers, accredited by the Nautical Institute (UK) and IMCA-London.
• Logistic Services End-to-end logistic services including warehousing areas, shorebase operations, transportation, heavy equipment management, terminal management, and cargo documentation supporting offshore operations.
• Agency Services Integrated maritime agency services providing comprehensive solutions for vessels and crew support while in port.
• Anchor Handling Tug Supply (AHTS) Vessel Charter AHTS vessels including KAZO JAX, ETZOMER 502, and ETZOMER 505 chartered for offshore oil and gas operations requiring anchor handling and tug/supply capabilities.
• Platform Supply Vessel (PSV) Charter Platform Supply Vessels chartered for offshore support operations including cargo and supplies delivery to offshore platforms.
• Crew Boat Charter Crew transportation vessels including SEABUS and CB 19-22 Meter, CB 34-36 Meter, CB 40-42 Meter specialized vessels for transporting personnel to and from offshore platforms.
• Marine Fleet Charter for FLNG Project Marine fleet charter services supporting the Genting Floating Liquefied Natural Gas (FLNG) Project in Bintuni Bay, West Papua, comprising six new fleets for upstream oil and gas operations under an 18-year contract.
• ENA Tug and Barge Coal Transportation Transportation services in Tug and Barge sector for dry coal commodities provided by PT ELPI Nusantara Armada (ENA), operating five Tug Boats and five Barges with over 7,000 metric tonne carrying capacity.
• SLSA Supramax Bulk Carrier Operations Dry bulk cargo transportation operated by PT Samudra Luas Sejahtera Abadi (SLSA) using the Supramax Bulk Carrier vessel Maharaja Nusantara S01 across Indonesian regions.

Quantifiable outcome

• Successfully secured 18-year Rp2.39 trillion FLNG project contract, demonstrating ability to win major long-term contracts
• +2 more outcomes

Named customers6 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

Feature3 records

Partnerships

Ten partnerships are on record, tiered minor and core.

• MPM HondaminorStrategic or Co-development Partner · 26 May 2026ELPI collaborated with MPM Honda to conduct Safety Riding & Driving Training on May 26, 2026, led by safety instructor Dimas Satria to promote safer transportation culture among employees.
• Shipbid (Singapore) Shipping Exchange Pte LtdminorStrategic or Co-development Partner · 15 April 2026Through subsidiary ETC, ELPI won the auction for the Multi-Purpose Support Vessel (MPSV) Bourbon Evolution 805 at USD46.5 million (Rp790.5 billion), organized by Shipbid Singapore Shipping Exchange.
• Innovate UK / British Embassy JakartaminorStrategic or Co-development Partner · 16 February 2026Orela-ELPI collaborated with Innovate UK and the British Embassy in Jakarta to support Indonesia's first marine-based Floating Solar Photovoltaic (FPV) project on Gili Ketapang Island, East Java, developed by Solar2Wave in partnership with Cranfield University, ITS, Pattimura University, and Achelous Energy Ltd.
• PT Layar Nusantara GascoreStrategic or Co-development Partner · 23 December 2025ELPI won the Marine Fleet Charter tender awarded by PT Layar Nusantara Gas to support the Genting Floating Liquefied Natural Gas (FLNG) Project. This is an 18-year contract valued at Rp2.39 trillion involving operation of six new fleets in the upstream oil and gas sector in Bintuni Bay, West Papua.
• Pertamina FoundationminorStrategic or Co-development Partner · 16 December 2025ELPI collaborated with Orella, Pertamina Foundation, and Institut Teknologi Sepuluh Nopember (ITS) for CSR project implementation in Ujungpangkah, aimed at delivering sustainable benefits to the local community.
• Bizplus.ID SurabayaminorStrategic or Co-development Partner · 30 September 2025ELPI partnered with Bizplus.ID Surabaya to conduct in-house training 'Internal Auditor Workshop focusing on ISO 9001, and awareness of ISO 14001, and ISO 45001' at Graha KCT.
• Financial Services Authority (OJK)coreOthers · 9 March 2025ELPI received an effective statement from the Financial Services Authority (OJK) to carry out a Capital Increase through the Granting of Preemptive Rights (PMHMETD) I, or a rights issue, worth a maximum of Rp739.34 billion for capital expenditures, investments, and strengthening working capital.
• Exxon Mobil Cepu LimitedcoreStrategic or Co-development Partner · 5 August 2024ELPI secured a five-year contract (until 2029) to provide vessel charter services with two Anchor Handling Tug Supply (AHTS) vessels worth US$25.9 million (equivalent to Rp420.46 billion).
• Pattimura University (Unpatti)minorStrategic or Co-development Partner · 1 August 2024ELPI collaborated with Pattimura University in Ambon City, Maluku, to launch a Maritime Vocational Program with study programs in shipping, shipbuilding, and fisheries. This supports ELPI's city of origin where it was established in 1992.
• PT Total E&P IndonesiacoreStrategic or Co-development Partner · 1 January 2009ELPI successfully obtained its first offshore contract in 2009 with PT Total E&P Indonesia, marking the company's entry into offshore operations.

Scale indicators12 records

Recent moves9 records

Expansion highlights7 records

Broad incumbents

• MISC Berhad: Malaysian integrated maritime conglomerate with LNG, offshore, and OSV divisions. Comparable in SE Asia OSV exposure and offshore energy segment, but operates broader shipping portfolio.
• Tidewater Inc. Global, publicly listed OSV operator with the world's largest offshore vessel fleet serving oil & gas worldwide. Comparable in OSV core offering but operates at much larger global scale.
• PT Pelni (Pelayaran Nasional Indonesia): Indonesian state-owned shipping enterprise operating passenger and cargo vessels domestically. Comparable as a domestically-flagged Indonesian maritime operator, though focused on passenger/cargo rather than OSV.

Direct peers

• DOF Subsea: Norwegian-headquartered subsea and OSV operator with AHTS, PSV, and subsea construction vessels. Directly comparable as ELPI expands into DP3 subsea/IMR capabilities via the Bourbon Evolution 805 acquisition.
• Vroon: Netherlands-based family-owned OSV operator with extensive AHTS/PSV fleets serving European, African, and Asian offshore markets. Comparable in vessel class focus and long-term oil major charter model.
• Buana Lintas Lautan (BULL): Indonesian-listed tanker and OSV operator providing offshore support alongside product and chemical tankers. Closest domestic Indonesian peer with overlapping AHTS/PSV exposure and IDX listing.
• Swire Pacific Offshore: Hong Kong-based global OSV operator with deep PSV/AHTS fleets serving oil & gas majors in Asia Pacific, including Indonesia. Closest direct peer in vessel class mix and charter-based B2B sales motion to PSC contractors.
• Vallianz Holdings: Singapore-based OSV operator historically focused on Middle East and SE Asia offshore support. Directly comparable in vessel class mix and reliance on long-term oil major charters.
• PACC Offshore Services (POSH): Singapore-listed OSV operator with AHTS, PSV, and subsea construction vessels serving SE Asia offshore markets. Comparable in scale, vessel mix, and upstream oil & gas customer base.

Regional players

• Pacific International Lines (PIL): Singapore-headquartered container and multi-purpose shipping operator with significant Indonesia-linked trade routes. Compares on Indonesian maritime market exposure and ship management capabilities rather than vessel class.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UChJ7k5FxFr6ZZxCL8lCKsEw
• LinkedInlinkedin.com/company/pnep
• Instagraminstagram.com/elpi_tbk
• TikToktiktok.com/@elpi_tbk?_t=ZS-8ssvSMv8oHH&_r=1

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries7 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 PT Pelayaran Nasional Ekalya Purnamasari Tbk