PT Soechi Lines Tbk

Climate Impact & Sustainability Data (2016, 2020, 2023)

Charity participation in the Tzu Chi hospital construction; cooperation with Darma Mulia Foundation in providing employment opportunities for marine graduates; charity contribution involving all employees in Tzu Chi Indonesia Foundation.

Various improvements to standard operating procedures (SOP) for each division; maintained information disclosures to the public; active communications with various stakeholders.

Lower vessel utilization in 2016; lower margin from shipbuilding projects; technical challenges related to vessel operations; challenges regarding the newbuild construction process; lower revenues in the shipyard segment due to two vessels in the completion stages.

Optimal utilization of tankers and shipyard operations; risk management for unexpected events; efforts to expand market share in the Indonesian tanker industry; acquisition of an aframax and two medium-range vessels; efficiency efforts in funding, including a syndicated loan; continued development of the shipyard; improvements to standard operating procedures; active communications with associations and authorities to ensure compliance with regulations.

Process of supplier selection based on quality and competitive pricing; open tender process; evaluation for improvement and constructive relationship building.

Company’s vessels have National Pollution Prevention Certificates.
Implementation of International Safety Management (ISM) code and International Overseas Standards Forum (OCIMF) stage 2 on Tanker Management Self Assessment (TMSA).

Company’s seafarers are insured through a first-class P&I club.
Crew is trained and certified with STCW 2010 standards.
Back-office personnel training for capacity and competency development.
Gender-neutral recruitment process focusing on skills and commitment.
Training and utilization of Indonesian seafarers.
Employment opportunities for local residents around the shipyard.
Long-term cooperation with Yayasan Dana Cinta Kasih Tzu Chi and DAAI TV for humanitarian aid.
Donations to Rumah Faye to prevent, rehabilitate, and stop child trafficking.

Providing factual information to customers on vessel conditions, shipyard capabilities, and human resources.
Regular vessel surveys (annual, intermediate, dry docking, special) ensuring operational eligibility.

Completed a number of dry docking/ship repair and maintenance works in the shipyard segment, meeting operational procedure standards.
Implemented SEEMP 3 (Ship Energy Efficiency Management Plan), improving energy efficiency, monitoring energy performance, complying with IMO regulations, and reducing greenhouse gas emissions.
Obtained the first Green Ship Recycling Facility certificate in Indonesia (PT Multi Ocean Shipyard).

Geopolitical risks affecting world economic developments, especially in strategic areas for oil and gas production.
Changes in government regulations and policies affecting operational costs and business strategy.
Changes in demand and market patterns due to shifts towards renewable energy.
Strict competition in the oil and gas shipping industry.
Fluctuations in world oil prices impacting operational costs.

Periodic maintenance and preventive maintenance of the Company's fleet of vessels through dry docking activities.
Disposal of one small-sized ship unit.
Implementation of SEEMP 3.
Active involvement of internal audit in integrating strategic policies.
Maintaining healthy financial ratios.