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PRESS RELEASE



Chandra Shipping International and Pertamina International Shipping
  Collaborate to Enhance Efficiency and Global Reach in Maritime
                      Transport & Logistics


Jakarta, October 11th, 2024 – A subsidiary of PT Chandra Daya Investasi (CDI) in
the shipping and logistics sector, PT Chandra Shipping International (CSI), has
signed a Memorandum of Understanding (MoU) with PT Pertamina International Shipping
(PIS) to explore feasibility studies for potential collaboration in chemicals, bitumen, and
other maritime transport and logistics areas. This strategic partnership aims to identify
opportunities for enhancing efficiency, sustainability, and global reach in the maritime
transport and logistics sectors.
CSI is a subsidiary of CDI and the latest serves as the Chandra Asri Group’s platform for
developing infrastructure businesses, including energy, water, port services, and
shipping. As part of Chandra Asri Group, CSI is committed to being a growth in delivering
efficient and reliable maritime transport services to meet the diverse needs of various
industries.

The MoU was signed by CSI President Director Lingga Widastri and PIS Director of
Gas, Petrochemical, and New Business Arief Sukmara, witnessed by Chandra Asri
Group Supply Chain Director Ruly Aryawan and PIS Risk Management Director
Muhamad Resa, in Jakarta on October 4, 2024. This potential collaboration between the
two companies is expected to improve service standards, particularly in the transport and
logistics of chemical and bitumen products on a global scale. Furthermore, this
partnership aims to help reduce environmental impact through environmentally friendly
technologies.

President Director of Chandra Asri Group and CEO of CDI, Erwin Ciputra stated that
the partnership between CSI and PIS aims to significantly enhance shipping services
through more efficient and sustainable maritime transport.

"This collaboration is designed to streamline supply chain operations and provide a more
responsive service supported by technological innovations. As a committed growth
partner for various industrial sectors in Indonesia, this initiative is expected not only to
enhance Chandra Asri Group’s capability to deliver our products more efficiently and
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sustainably but also to enable various sectors to leverage the global maritime transport
services we provide," said Erwin.

Director of Gas, Petrochemical, and New Business at PIS, Arief Sukmara, added,
"The collaboration is expected to enhance service standards, particularly in maritime
transport and logistics for chemical products, bitumen, and other potential logistics
services on a global scale, ultimately strengthening Pertamina International Shipping's
position in both domestic and international markets. By synergizing with Chandra
Shipping International, it is hoped that this will be a positive step toward becoming a
market leader in the petrochemical transportation business and other industrial
transportation segments in the future."
In the feasibility study conducted by CSI and PIS, both parties will collaborate to explore
opportunities to synergize supply chain operations and optimize technology, including
environmentally friendly technology solutions, to improve efficiency and sustainability.
This partnership also aims to enhance cost-effectiveness, expand access to emerging
markets, and strengthen supply chain resilience. Both parties hope that this study will
establish new benchmarks in maritime transport and logistics, drive innovation, and raise
standards in this sector, thereby making a positive contribution to the maritime industry in
Indonesia.


                                                    --//--

About Chandra Asri Group
Chandra Asri Group is a prominent provider of energy, chemical, and infrastructure solutions in Southeast
Asia, supplying products and services to various manufacturing industries in both domestic and
international markets. With a history of 31 years and over 2,200 dedicated staff, it incorporates state-ofthe
art technologies and supporting facilities located strategically in the country’s petrochemical and industrial
hubs, Cilegon, and Serang. Chandra Asri Group operates the only Naphtha Cracker in Indonesia that
produces Olefins (Ethylene, Propylene), Polyolefins (Polyethylene, Polypropylene), Py-Gas and Mixed C4,
and is the sole domestic producer of Styrene Monomer, Ethylene, Butadiene, MTBE and Butene-1, with a
new world-scale Chlor Alkali Ethylene Dichloride plant development on the horizon. Chandra Asri Group’s
chemicals business is supported by core infrastructure assets encompassing strategic energy, electricity,
water, jetty, and tank farm facilities. For more information, you may visit to our website: www.chandra-
asri.com

About Pertamina International Shipping
PT Pertamina International Shipping (PIS) is a subsidiary of PT Pertamina (Persero), established in 2016.
In 2021, PIS was appointed as the parent company of the Integrated Marine Logistics subholding (SH IML),
overseeing all shipping, marine services, and logistics businesses.
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For more information, please contact:

Chandra Asri Group
Suryandi                                Chrysanthi Tarigan
Director HR & Corporate Affairs         Head of Corporate Communications
Telp: 021- 530 5790                     Telp: 021-530 7950
Email: suryandi@capcx.com               Email: corporate.comm@capcx.com


PT Pertamina International Shipping
Vega Pita
Pjs. Corporate Secretary PIS
Telp: 0811-9867-331
Email: vega.pita@pertamina.com

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Names mentioned 6 people and organisations named in the text · linked when the evidence is strong

linked org PT Chandra Daya Investasi p.1
linked person Erwin Ciputra p.1
possible org PT Pertamina (Persero) p.2
unresolved org PT Chandra Shipping International p.1
unresolved org PT Pertamina International Shipping p.1 ×2
unresolved org PT Pertamina International Shipping Vega Pita Pjs. p.3

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