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PT Pertamina International Shipping (PIS), through its branch office in Dubai, PIS Middle East (PIS ME), has achieved another success by simultaneously signing four business cooperation agreements with global players.
PIS Pte Ltd (DMCC Branch) – PIS Middle East has signed business cooperation agreements with global players, namely with Gas Walio, Gas Widuri, Gas Arjuna and Gas Ambalat, for 4 vessels owned by PIS.
Erwin Paulian Sihombing, Commercial, PIS Pte Ltd (DMCC Branch) – PIS ME; Ugo Romano, Managing Director, Scorpio MENA DMCC (Neptune Pool); Andra Otmansyah Pelawi, Country Manager & Middle East Representative, PIS Pte Ltd (DMCC Branch) – PIS ME [L-R]
PIS ME signed the deals for 4 vessels owned by PIS – namely the Gas Walio vessel, Gas Widuri vessel, Gas Arjuna and Gas Ambalat vessels. The Gas Arjuna and Ambalat vessels are chartered by SHV Gas Supply & Risk Management, the Gas Walio vessel is chartered by Geogas Trading S.A, and the Gas Widuri vessel is chartered by Vitol S.A.
“The signing of this cooperation signifies the success of PIS ME’s aggressiveness in increasing revenue in the international market, as well as proving the reliability of PIS’s fleet which is qualified to sail in global scale waters,” said PIS CEO Yoki Firnandi at the signing ceremony on Tuesday, July 25.
The total transaction value for the four ship deal reached US$49.34 million, or the equivalent to Rp740.15 billion (dollar exchange rate of Rp15,000) with different contract durations ranging from 6 months to 3 years. The contracts also provided for new international routes and countries for the PIS fleet, including Chile (South America), Puerto Rico (USA), Dominican Republic (Caribbean), Tanzania, Poland, and Portugal.
Country Manager of PIS ME Andra Pelawi added that in addition to the successful commercialization of the four vessels, PIS ME has broken new business ground which will add to the company’s revenue potential. “Pertamina has, through PIS ME, entered Tankers International Pool, and a TC Syndication scheme with Scorpio for a Neptune VLGC vessel in the pool. PIS will have the potential for vessel rental at international market rates,” he said.
Through this breakthrough scheme by PIS, carried out initially during the second quarter of 2023 (since the VLGC vessel entered the pool in early May, through to the end of the quarter), PIS ME managed to realize a profit of around US$865 thousand, or the equivalent to Rp12.97 billion (dollar exchange rate of Rp15,000).
About PT Pertamina International Shipping (PIS) Pte Ltd
PT Pertamina International Shipping (PIS) as an Integrated Marine Logistics Subholding, has a total of 750 ships. Besides the owned ships, PIS also manages time charter and spot charter that can be rented through e-chartering. PIS ME is the second representative branch office of PIS located abroad, being established December 23, 2022. See https://pertamina-pis.com/.
The Commission had announced the schedule for the sixteenth Vice Presidential Election vide its press note dated 29th June, 2022, fixing inter-alia August 6, 2022 as the date of poll and date of counting. As scheduled, the poll was taken on August 6, 2022 at Parliament House in New Delhi. Out of a total 780 electors who were eligible to vote, 725 electors exercised their franchise, out of which 15 ballot papers were declared invalid. The Returning Officer of the said election, the Secretary General of Lok Sabha, after the counting of votes was over, declared Shri Jagdeep Dhankar elected as the next Vice President of India on August 6, 2022. The process which was initiated on 05th July, 2022 with the publication of programme notification in the Gazette has culminated today with the signing of the Certification of the Election of Shri Jagdeep Dhankar as the fourteenth Vice President of the Republic of India by Sh. Rajiv Kumar, Chief Election Commissioner of India and Sh. Anup Chandra Pandey, Election Commissioner. Thereafter, a signed copy of the same was handed over to the Union Home Secretary by Sh. Dharmendra Sharma, Senior Deputy Election Commissioner and Sh. Narendra N. Butolia, Senior Principal Secretary which will be read out at the time of oath taking ceremony of the new Vice President of India on 11th August, 2022.
The Commission puts on record its sincere appreciation to the entire team of the Returning Officer, ECI Observers, Delhi Police, CRPF for their excellent cooperation in the conduct of the aforesaid election.
Futaba Town, Namie Town, AEON TOHOKU Co., Ltd. (AEON TOHOKU), and Toyota Motor Corporation (Toyota) signed a Basic Agreement today for the Establishment of a Mobile Retail Business that Uses a Fuel Cell Vehicle in Specified Reconstruction and Revitalization Bases (Basic Agreement).
Images of the fuel cell mobile retail vehicle to be operated by AEON TOHOKU
Aim of the Basic Agreement
The two municipalities and two companies involved in the Basic Agreement aim to support residents experiencing difficulties with everyday shopping, through the establishment of a mobile retail business. Drawing on respective resources and expertise, the intention is to contribute to regional sustainability and environmental conservation to stimulate reconstruction efforts following the Great East Japan Earthquake. In this way, the four signatories aim to resolve regional issues, improve administrative services, and build sustainable cities of the future.
Future Initiatives
Under the specific initiatives of the Basic Agreement, AEON TOHOKU, the main party involved, will launch on June 10 a mobile retail business serving Specified Reconstruction and Revitalization Bases and other areas in Futaba Town and Namie Town where residents have an acute need for shopping support. Centered around AEON Namie Store, the business will seek to support local residents with shopping and aim to create a community that will foster peace of mind among both residents set to return home to the two towns, and those who intend to relocate to those areas. As a result, it is hoped that the business will expedite the lifting of evacuation orders for Specified Reconstruction and Revitalization Bases in Futaba Town and Namie Town.
Furthermore, working towards the realization of a carbon-neutral society by 2050, AEON TOHOKU and Toyota, together with Futaba Town and Namie Town, wish to contribute to the creation of a sustainable community of the future that utilizes hydrogen. To this end, the use of the world’s first* hydrogen-powered fuel cell (FC) mobile retail vehicle will be implemented.
Background to the Basic Agreement
Recognizing that the retail sector is part of a region’s critical infrastructure, AEON TOHOKU opened the AEON Namie Store in July 2019 to support the reconstruction of the Hamadori region of Fukushima Prefecture, which incurred significant damage from the Great East Japan Earthquake and ensuing nuclear disaster.
Toyota is working together with various partners, mainly in collaboration with Fukushima Prefecture–including Namie Town, where the Fukushima Hydrogen Energy Research Field is located–and is examining how hydrogen-based technologies can be implemented to help build cities of the future using hydrogen generated in Fukushima.
Primary roles of the four signatories of the Basic Agreement
Futaba Town and Namie Town Futaba Town and Namie Town will provide information regarding areas in which there is an acute need for shopping support–including the demand from residents for a mobile retail option, the location of existing stores in towns, and the living conditions of senior residents. With the aim of more sustainable community building, the two towns will work together with partner companies to resolve issues faced by local residents.
AEON TOHOKU AEON TOHOKU will launch a mobile retail business in areas that have an acute need for shopping support. It will also create community spaces within the two towns, and work to provide services that encourage residents to return to their hometowns.
Toyota To facilitate these shopping support measures, Toyota aims to realize an even better mobility society that supports the creation of happiness for local communities by manufacturing innovative, safe, and high-quality products and services. The company will provide next-generation mobility in the form of the world’s first fuel cell mobile retail vehicle.
Going forward, Futaba Town, Namie Town, AEON TOHOKU, and Toyota intend to deepen their partnership, further revitalize the region, and create new services for the benefit of local residents.
*According to research carried out by Toyota in April 2022
Initiatives have been taken between India and Germany on agro-ecology and sustainable management of natural resources. In this regard, the Union Minister of Agriculture and Farmers Welfare Shri Narendra Singh Tomar and Germany’s Minister of Economic Cooperation and Development Ms. Svenja Schulze signed the declaration in a virtual meeting today.
Through this, joint research, knowledge sharing and innovation will be promoted between academic institutions of both countries and practitioners including farmers. The transfer of technology and scientific knowledge will be promoted by encouraging exchanges, partnerships and research collaboration with the private sector. Germany’s Federal Ministry of Economic Cooperation and Development intends to provide up to 300 million euros by the year 2025 for financial and technical cooperation for projects under this initiative.
Germany will provide coordinated support for this lighthouse initiative, supporting the agro-ecological transformation process in India through the Technical Cooperation Project. For the changing agenda of agroecology, the two countries envisage the establishment of a joint research center supported by financial cooperation to develop and share cutting edge knowledge with practitioners from India, Germany and other countries, while facilitating value-added technology and scientific transfer.
To oversee the implementation, a working group will be set up with the concerned Ministries, namely, Ministry of Environment, Forest and Climate Change, Ministry of Fisheries, Animal Husbandry and Dairying and NITI Aayog.
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