Key insights and market outlook
PT Pertamina International Shipping (PIS) and PT PAL Indonesia have signed a Memorandum of Understanding (MoU) to strengthen maritime cooperation between the two state-owned enterprises. The collaboration focuses on ship development, modification, maintenance, and capacity building. The agreement was witnessed by Pertamina's CEO Simon Alyosius Mantiri and signed by PIS CEO Surya Tri Harto and PAL Indonesia CEO Kaharuddin Djenod on December 24, 2025.
In a significant development for Indonesia's maritime sector, PT Pertamina International Shipping (PIS) and PT PAL Indonesia have formalized their cooperation through a Memorandum of Understanding (MoU) signed on December 24, 2025. The agreement marks a crucial step in strengthening the collaboration between these two major state-owned enterprises in Indonesia's maritime industry.
The MoU between PIS and PAL Indonesia encompasses several key areas of cooperation that are expected to enhance Indonesia's shipping capabilities:
The signing ceremony was attended by Simon Alyosius Mantiri, the CEO of PT Pertamina (Persero), highlighting the importance of this collaboration for the parent company and the broader state-owned enterprise ecosystem. The event was a testament to the commitment of both PIS and PAL Indonesia to work together in advancing Indonesia's maritime sector.
This MoU builds upon the synergies that PIS and PAL Indonesia have been developing since mid-2025. The collaboration is expected to create significant value for both companies and contribute to the growth of Indonesia's maritime industry. As state-owned enterprises, both PIS and PAL Indonesia are well-positioned to drive national development through their joint efforts in the shipping sector.
MoU Signing for Maritime Cooperation
Strategic Partnership between PIS and PAL Indonesia