- Business
- PT Soechi Lines Tbk (SOCI.JK) operates as an integrated marine transportation and shipyard services provider primarily focused on oil, gas, and chemical cargoes in Indonesia and Southeast Asia. The company offers shipping services including transportation of crude oil, fuel oil, liquefied natural gas (LNG), liquefied petroleum gas (LPG), liquefied chemicals, and crude palm oil via a fleet of 31 vessels with a total capacity of 1.65 million deadweight tons (DWT), encompassing very large crude carriers (VLCCs), medium-range tankers, and other sizes; shipyard services such as newbuild construction of oil tankers, containers, bulk carriers, offshore support vessels, tugs, and barges, dry docking, repairs, maintenance, and overhauling; floating storage and offloading (FSO) operations; as well as management consulting, business brokerage, and related services. Founded in 1970 as an oil and gas subcontractor and officially established in 1977, PT Soechi Lines Tbk maintains its headquarters at Sahid Sudirman Center, 51st Floor, Jakarta Pusat, Indonesia, and operates a shipyard on Karimun Island, Riau; it owns 11 subsidiaries including PT Inti Energi Line, PT Selaras Pratama Utama, and PT Putra Utama Line, serving domestic routes from Sumatra to Papua and international markets. In March 2025, controlling shareholder PT Soechi Group divested a 66.70% stake to PT Pilar Sukses Utama and PT Darma Pertiwi Raya (each acquiring 33.35%) as part of an internal group reorganization, shifting control to these entities. The company expanded its fleet in 2024 through acquisitions of a medium-range tanker (approximately 50,000 DWT with a secured charter) and an LNG carrier (74,000 DWT), enhancing its presence in the LNG sector and supporting revenue growth into 2025.