- Business
- PT Humpuss Intermoda Transportasi Tbk (HITS.JK) operates as an Indonesia-based sea transportation company focused on energy infrastructure and distribution, including liquefied natural gas (LNG), crude oil, fuel oil, petrochemicals such as methanol and ammonia, chemicals, containers, coal, dry bulk cargoes, and other marine cargoes; it also provides vessel chartering on time and spot charter bases, crew management and provision services, ship management and agency, offshore support vessels including harbor tugs and mooring boats, dredging services, floating storage regasification units, marine support, human capital development particularly for vessel crews, and energy trading activities. The company serves key customers such as Pertamina for fuel transportation including premium, kerosene, diesel, pertamax, and naphtha, alongside other domestic and international energy and logistics clients primarily within Indonesia and regional waters. Founded in 1986 as the LNG division of PT Humpuss and evolving through name changes including to PT Humpuss Sea Transport in 1992 and its current name ahead of its 1997 initial public offering on the Indonesia Stock Exchange, HITS maintains headquarters at Mangkuluhur City Tower One, 27th floor, Jl. Jend. Gatot Subroto Kav. 1-3, South Jakarta, with subsidiaries such as PT Humpuss Transportasi Kimia, PT Humpuss Maritim Internasional Tbk (HUMI), and PT LIS Internasional. Recent developments include plans announced in 2025 for delisting from the stock exchange and transitioning to a private company pending approval at an Extraordinary General Meeting of Shareholders on May 21, 2025; divestment of an oil tanker unit owned by a subsidiary to optimize assets; fleet expansion by affiliate HUMI with USD 39.57 million capital expenditure allocation as of January 2025; a January 2024 divestment by subsidiary PT Humpuss Transportasi Kimia of a mooring boat for IDR 160 billion; and prior memoranda of understanding such as with PT Pelindo Jasa Maritim in August 2023 for port services development and with PT Padoma Global Neo Energi in July 2023.