April 20, 2014 8:06 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, engages in the provision of ship chartering and transshipment services in Indonesia. The company 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. It operates a fleet of 35 tugs and 34 barges, as well as a self-propelled barge. The company was founded in 1998 and is headquartered in Jakarta, Indonesia. PT. Pelayaran Nasional Bina Buana Raya Tbk operates as a subsidiary of PT Sinar Bintang Makmur.

Wisma 46 Kota BNI

Lantai 4 Suite 02-04

Jl. Jenderal Sudirman Kavling 1

Jakarta,  10220

Indonesia

Founded in 1998

58 Employees

Phone:

62 21 572 7561

Fax:

62 21 572 7562

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 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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Recent Private Companies Transactions

Type
Date
Target
Buyback
February 24, 2014
--
Buyback
December 16, 2013
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