October 20, 2014 9:34 AM ET

Transportation Infrastructure

Company Overview of PT. Pelayaran Nasional Bina Buana Raya Tbk

Company Overview

PT Pelayaran Nasional Bina Buana Raya Tbk, a shipping company, provides ship owning and chartering services in Indonesia. The company operates in two segments, Tug and Barge Vessel and Offshore Support Vessel. It offers voyage and time charters of vessels for bulk handling, transportation, and transshipment of coal, steel scrap, iron ores, sand, aggregates, and other commodities through a fleet of tugboats and barges, as well as through offshore support vessels. The company was founded in 1998 and is headquartered in Jakarta, Indonesia.

TCC Batavia Tower One

Suite 08-09

8th Floor

Jalan KH. Mas Mansyur Kav. 126

Jakarta,  10220

Indonesia

Founded in 1998

48 Employees

Phone:

62 21 2952 9461

Fax:

62 21 2952 9462

Key Executives for PT. Pelayaran Nasional Bina Buana Raya Tbk

PT. Pelayaran Nasional Bina Buana Raya Tbk does not have any Key Executives recorded.

PT. Pelayaran Nasional Bina Buana Raya Tbk Key Developments

PT. Pelayaran Nasional Bina Buana Raya Tbk Reports Unaudited Consolidated and Standalone Earnings Results for the Nine Months Ended September 30, 2014

PT. Pelayaran Nasional Bina Buana Raya Tbk reported unaudited consolidated and standalone earnings results for the nine months ended September 30, 2014. For the nine months, the company reported consolidated revenues of USD 25,025,739 compared to USD 27,130,132 a year ago. Operating income was USD 3,104,011 compared to USD 8,251,705 a year ago. Income before income tax was USD 995,893 compared to USD 5,229,335 a year ago. Income for the period was USD 534,832 compared to USD 4,783,854 a year ago. Earnings per share were USD 0.000146 compared to USD 0.001394 a year ago. Net cash flows provided by operating activities were USD 5,982,051 compared to USD 7,137,860 a year ago. Acquisitions of fixed assets were USD 900,000 compared to USD 24,900,321 a year ago. For the nine months, the company reported standalone revenues of USD 25,025,739 compared to USD 27,130,131 a year ago. Operating income was USD 2,689,703 compared to USD 8,201,275 a year ago. Income before income tax was USD 734,588 compared to USD 5,592,153 a year ago. Income for the period was USD 434,279 compared to USD 5,270,235 a year ago. Net cash flows provided by operating activities were USD 10,688,350 compared to USD 8,033,097 a year ago. Acquisitions of fixed assets were USD 3,487,389 compared to USD 4,300,000 a year ago.

PT Pelayaran Nasional Bina Buana Raya Tbk Reports Earnings Results for the First Quarter Ended March 31, 2014

PT. Pelayaran Nasional Bina Buana Raya Tbk reported earnings results for the first quarter ended March 31, 2014. For the period, the company reported that total income attributable to owner of the parent entity was $204,955, or $0.000056 per share, compared to $2.29 million, or $0.000742 per share, for the same period, last year. Revenues were $7.97 million, compared to $8.96 million for the same period, last year. Operating income was $971,471, compared to $3.43 million for the same period, last year.

Pt Pelayaran Nasional Buana Bina Raya Tbk Announces Acquisition of A Newly Built Mid-Sized AHTS Vessel

PT Pelayaran Nasional Buana Bina Raya TBK acquired and taken delivery of a newly built 9,000 BHP Anchor Handling Tug Supply (AHTS) vessel from a third party shipbuilder. The acquisition is funded largely through a vessel loan, with the balance from the proceeds of the Initial Public Offering (IPO) of PT BBR TbK which was concluded in early 2013. The mid-sized AHTS vessel, named 'MP Prevail' is currently undergoing the reflagging exercise to Indonesian flag as there is currently very limited supply of such vessels operating in Indonesia waters. The vessel, which is equipped with Dynamic Positioning 2 (DP2), a sophisticated computer-controlled system that enables the vessel to maintain its position automatically via satellite controls using advanced propellers systems in tandem with the main engines, has a bollard pull of about 115 metric tons.

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