of all, let us praise the Almighty God for His grace and blessings for
the tremendous financial performance achieved by the Company in 2005,
as it successfully reached the highest level of net profit in all the
42 years of its establishment.
general, the Asian economic grew immensely throughout 2005, especially.
This, in turn, resulted in an increase of demand for transportation of
goods within these regions, in which the economic growth of acted as a
locomotive for the increase of the global movement of goods,
particularly in Asia . This positive condition is expected to last for another next couple of years.
hope the Company would take the advantages of the above favorable
circumstances, and be more aggressively expanding and developing its
business investments, while also maintaining caution and prudence in
its new ventures, all in accordance with the Corporate Strategic Plan
and its four main strategies: Go Logistics, Go Regional, Go Liner, and
face the ever competitive challenges in the trade, the Company should
keep on strengthening its domestic and regional business network,
increase the synergy, and cultivate a mutual cooperation with its
business partners, while also improving the efficiency so as to provide
excellent services to meet the customers’ needs.
milestones in 2005 that should be mentioned here are, among others, the
Company’s consortium with Nippon Yusen Kaisha (NYK) and Fiona Trust
& Holding Corp. (Fiona) which was appointed to provide service
tanker with the capacity of 145,000 cbm, to carry LNG from Tangguh,
Papua. Also, in anticipation of the growth of domestic containerized
cargo and coal, the Company has built new vessels in
Surabaya . In the Tanjung Priok port, the Nusantara Multipurpose
Terminal has begun its operation, based on the Build, Operate and
Transfer (BOT) scheme. These ventures demonstrate the Company’s ability
and competency in capturing and developing business opportunities while
still maintaining the principle of careful management and good
this occasion, the Board of Commissioners would like to express our
heartfelt appreciation to the management and to all the employees for
their dedication in expanding and strengthening the Company’s business
throughout the year, both in , as well as overseas. We sincerely hope
that this marvelous achievement would be followed by more similar
accomplishments in future. The same gratitude also to our customers, as
well as the business partners and all for their continuous supports and
trust placed on us. We believe that this good cooperation will carry on
through the future.