Trans Power Marine allocates US$65m capex for fleet expansion in 2026

Coal shipping company PT Trans Power Marine Tbk (IDX: TPMA) is pursuing fleet expansion as part of its 2026 strategy, allocating around US$65 million in capital expenditure to support growth and asset rejuvenation.

Corporate Secretary Rudy Sutiono said the company and its subsidiaries are scheduled to take delivery of 17 tugboats and 20 barges this year, bringing total additions to 37 vessels.

“The additions are part of orders placed in the previous year,” he told Kontan on Tuesday (February 24, 2026).

According to Rudy, the fleet expansion is aimed not only at strengthening operational capacity and meeting rising customer demand, but also at rejuvenating assets to maintain reliability, operational efficiency, and long-term performance sustainability.

Currently, TPMA’s fleet is operating at optimal utilization levels. Rudy attributed this to strong coordination across the company’s commercial and operational functions, including contract acquisition, smooth execution, and effective fleet management.

To maintain healthy utilization rates in 2026, the company will continue to strengthen long-term relationships with customers while leveraging the expertise of its operational and commercial teams.

Read also: Trans Power nine-month profit drops 24% on softer shipping revenue

TPMA is also implementing routine maintenance and scheduled docking programs to ensure fleet readiness.

“This is to ensure that the entire fleet remains in prime condition, enabling us to deliver reliable and sustainable services,” Rudy said.

However, he acknowledged ongoing challenges in the tug and barge segment, particularly due to the significant reduction in the 2026 Work Plan and Budget (RKAB) production quota for coal and nickel, a policy aimed at stabilizing commodity prices.

“The reduction in RKAB could potentially affect the company’s transportation volumes,” he noted.

In response, TPMA plans to focus on maintaining fleet readiness, improving operational efficiency, and delivering optimal services to remain a preferred partner for customers.

Rudy added that the company is closely monitoring developments in the shipping industry and has yet to set a specific performance growth target for 2026.

“Nonetheless, by upholding prudence, we will strive to deliver the best performance for all shareholders while maintaining healthy and sustainable growth,” he said.

Editing by Reiner Simanjuntak