10/06/2010
State shipyard and engineering company PT Dok & Perkapalan Kodja Bahari (Persero) will focus on ship repair business and plans to relocate its shipyard to Batam Island in order to serve more vessels. DKB president director Mr. Riry Syeried Jetta said the ship repair business was chosen due to its feasibility. The company expects the business to contribute between 50 and 60 percent of its total revenue this year. “Last year, the ship repair business only contributed up to 40 percent of revenue,” he said. DKB booked Rp 21 billion in net profit last year, down from Rp 23 billion in 2008. The company earned Rp 469 billion in revenue last year, compared to Rp 598 billion in the previous year. The company’s current load work has exceeded by 20 percent, forcing a ship to wait at least one month for repair service. The company has planned to relocate its shipyard from Jakarta to Batam in order to serve more ships, including from foreign countries. The new shipyard will be able to serve a vessel weighing 80,000 DWT. Mr.Riry said the relocation would require Rp 600 billion in investment.