We operate our Shipping Services through our subsidiary PT Paragon Karya Perkasa Tbk (“PT PKPK”). We cover mainly domestic shipping routes to various regions within Indonesia. Our Shipping Services comprise (i) chartering services; and (ii) transshipment services. Our customers are mainly coal traders and third-party charterers.

As at 30 June 2026, we own a fleet of 34 Indonesian-flagged vessels, comprising 33 sets of tugboat and barge (“TBBG”) and one bulk carrier, with an aggregate estimated carrying capacity of 316,000 deadweight tonnage (“DWT”).