We operate our Shipping Services through our subsidiary, PT Deli Pratama Angkutan Laut (“PT DPAL”), which covers mainly domestic shipping routes from South Kalimantan, to various regions within Indonesia. Our Shipping Services comprise (i) chartering services; and (ii) transshipment services. Currently, customers for our Shipping Services are mainly coal traders.

As at 31 December 2024, PT DPAL owns a fleet of 29 Indonesian-flagged vessels, comprising 28 sets of tugboat and barge (“TBBG”) and bulk carrier, with an aggregate estimated carrying capacity of 276,000 deadweight tonnage (“DWT”)