Bina Buana (BBRM) Stays Focused on the OSV Segment


PT Pelayaran Nasional Bina Buana Raya Tbk (BBRM) continues to make improvements and strategic efforts in 2022. BBRM President Director Na'im Machzyumi said that the management's efforts in 2022, namely the company will continue to focus on the OSV ( offshore support vessel ) business segment to anticipate recovery of the oil and gas industry by providing efficient and technologically advanced fleets. tall. It then expanded its customer base in the offshore oil and gas sector and pursued opportunities in the cable laying and offshore wind energy market.

In addition, BBRM will add to its OSV fleet by signing a sale and purchase agreement for the MP Perkasa and MP Pride offshore support vessels with Marco Polo Offshore (VI) Pte Ltd on October 16, 2020. Then, better cash flow arrangements, including the option to sell vessels. which are old and inefficient to support the company's operations.

"For the industry prospect in 2022, an increase in world oil prices in the last quarter of 2021 will result in an increase in demand for offshore support vessels. The company will focus on the Self Propelled Barge market," he said in an official statement, Wednesday (15/6/2022). ).

Meanwhile, revenue in the offshore support vessel segment decreased by 33% due to a decrease in the offshore support fleet, where in 2020 BBRM still has 6 OSV vessels, while in 2021 BBRM only has 3 OSV vessels. There was an improvement in gross profit and profit for the current period in line with the decrease in the company's direct costs due to a decrease in the number of BBRM vessels and efficiency in operating expenses both in terms of fuel consumption and in terms of salaries and wages.

Related Posts

Previous
Next Post »
close