PT. Baruna Raya Logistics Invests in Fleet Expansion with Two New Utility Vessels

JAKARTA — Demonstrating strong optimism in the long-term fundamentals of the energy sector, PT. Baruna Raya Logistics has finalized a contract with a leading shipyard in China to construct two (2) new-build Utility Vessels.

The strategic agreement, signed in December 2014, underscores the company’s proactive approach to expanding and modernizing its fleet ahead of market recovery.

Strategic Fleet Modernization Ahead of Market Rebound

Despite current headwinds and operational pressures facing the global oil and gas industry, PT. Baruna Raya Logistics remains confident in the sector’s resilience and upcoming demand rebound.

By investing in high-specification offshore support assets, the company ensures it is well-positioned to meet the evolving operational requirements of major energy operators across the region.

Project Milestones & Estimated Timeline:

• Contract Execution: Signed in December 2014 with a premier Chinese shipbuilding shipyard.
• Vessel Type & Quantity: Two (2) purpose-built, high-efficiency Utility Vessels.
• Estimated Delivery: Target delivery is scheduled for Q3 2016 in Jakarta.