ELPI Wins Rp2.39 Trillion Tender for Genting Group Marine Fleet Charter
PT Pelayaran Nasional Ekalya Purnamasari Tbk. (ELPI) has secured a Rp2.39 trillion tender to provide marine fleet charter services for Genting Group's Floating Liquefied Natural Gas project in West Papua. The contract includes the supply of six vessels and has a charter period of up to 18 years, with preparations lasting 18 months. Despite a decline in revenue, ELPI reported a 5.58% increase in net profit for Q3 2025.
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PT Pelayaran Nasional Ekalya Purnamasari Tbk. (ELPI) has won a tender to provide marine fleet charter services for Genting Group, valued at Rp2.39 trillion. The tender was conducted by PT Layar Nusantara Gas, part of Genting Group, to support the Genting Floating Liquefied Natural Gas project located in Teluk Bintuni, West Papua.
ELPI will supply six vessels, including one crew boat, one pilot boat, one offshore supply vessel, and three multi-purpose tugs. The preparation and construction phase will last up to 18 months, with a charter period of up to 18 years commencing after all preliminary conditions are met.
The total estimated contract value is Rp2.39 trillion, contingent on the effectiveness of the agreement and fleet utilization. ELPI's financial report shows a 5.58% year-on-year increase in net profit for Q3 2025, totaling Rp189.18 billion, despite a 14.85% decline in revenue.
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