Key insights and market outlook
PT Buana Lintas Lautan Tbk (BULL) has received its first LNG tanker, MT Gas Garuda, with a capacity of 145,914 CBM and length of 285.4 meters. The new vessel will contribute to BULL's revenue starting in 2026, supporting both international and domestic shipping routes. This acquisition is part of BULL's strategic plan to expand its LNG transportation business, marking a significant step in their growth strategy.
PT Buana Lintas Lautan Tbk (BULL) has officially received its first LNG (Liquefied Natural Gas) tanker, named MT Gas Garuda. The vessel has a substantial capacity of 145,914 CBM and measures 285.4 meters in length, making it a significant addition to BULL's fleet. According to Company Secretary Krisnanto Tedjaprawira, this acquisition is part of the company's strategic plan to develop its LNG transportation business, specifically aligning with the second pillar of their four-pillar business development strategy.
The new LNG tanker, MT Gas Garuda, will be integrated into BULL's existing fleet to serve both international and domestic shipping routes. The company expects this addition to contribute fully to its revenue starting in 2026. By expanding its LNG transportation capabilities, BULL is positioning itself to capture growing demand in the energy sector, particularly in Indonesia and beyond.
This strategic acquisition demonstrates BULL's commitment to growth and its focus on capitalizing on opportunities in the LNG market. As the demand for LNG continues to rise globally, BULL's enhanced capacity is expected to strengthen its market position and drive future revenue growth. The company's proactive approach to expanding its fleet and services highlights its ambition to become a key player in the LNG transportation sector.
LNG Tanker Acquisition
Fleet Expansion
Revenue Growth Projection