Indonesia’s Pertamina International Shipping (PIS) is spreading its wings. The shipping subsidiary of the nation’s top energy producer has recently two collaboration agreements, while opening a new branch office in Dubai.
PIS signed a heads of agreement with Dubai-headquartered LPG trader BGN International to work together acquiring and operating very large gas carriers (VLGCs) and further down the line ammonia carriers, while also inking a memorandum of collaboration with Singapore-based Elite Tankship to develop product tanker related businesses together.
Late last year, Japan’s Nippon Yusen Kaisha (NYK) came in with a sizeable investment into PIS. NYK will be collaborating with PIS in a wide range of businesses, including those associated with crude oil, petroleum products, LNG transportation, floating storage and regasification units (FSRUs), and carbon capture and storage (CCS).
