5/26/2016

SILO MARITIM CORP TO EXPAND MASSIVE INVESTMENT


SILO MARITIM CORP TO EXPAND MASSIVE INVESTMENT
PT. silo maritime perdana, a corporation engaging in shipping  plans to expand massive investment. This big company aims for 20 billion dollar profit this year by opening more ship fleet in new route of ports. 

In a line with the maritime shaft platform of the government, silo maritim corp forsees a good opportunity of investment providing more ships on routes, long and short provided by the government. The minister of transportation himself last night expected and signaled the involvement of private sector company to boost the sea toll program to support the efficient business cycle looking the fact that the country comprises of archipelago and shipping for goods is indispensable. 

Theresia herjati, the finance director of silo said that the company targets for 50% profit this year. It is around 6.8 billion dollar after last year they are able to attain 15 billion dollar. The company claimed to have established the contract projects with numerous partners and to conduct business development through the inclusion of 50.84% stake in the shipping company which is engaged in the oil and gas industry, pt. suasa benua sukses.

The fund to acquire the company coming from initial public offering estimatedly 70-80 billion USD, while through the conduct, silo expect for the profit raising 50% than last year.

In its first stock offering, the company offers a stock price around USD 117-140 per share. Where the company will sell shares as many as 600 billion shares, or 23.08% of the issued and paid-up capital after the IPO. Director of Maritime SILLO Prime, Edi Yosfi said, in his first action of the stock offering, the company appointed PT Lautandhana Securindo and PT UOB Kay Hian Securities as underwriters.

SILLO Maritime currently owns and operates 8 fleet. Ownership shares of the company controlled 50 percent by PT Karya Gemilang Sinergy and 50% by PT Maxima Prima Sejahtera. In general, the company is experienced in dealing with the clients who come from the companies of international oil and gas that has a high reputation among others, China National Offshore Oil Corporation SES Ltd (CNOOC SES Ltd), Petrochina International Jabung Ltd, Total E & P Indonesia, Chevron Indonesia and Conoco Phillips Indonesia Inc.

Silo maritime assured for promising prospective of its new business based on the healthy financial condition, conducive circumstance and regulation of the government, competent management and sustainable opration.based on this, It is believed that the ipo of silo maritime will get positive response for the investor of oil and gas companies to conduct short and long term contract project. 

Looking to  the global trend of oil and gas which is capsizing down, silo stay optimist that there soon be a turn over in which the price of oil and gas soon to show upward trend. IMF released the report that the oil price has been in its lowest point in the first annual of 2016, thus the possibility to recover and upward trend is strongly feasible. 

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