JAKARTA TANJUNG PRIOK (ISL News) - Koja Container Terminal (TPK) throughout Semester 1 of 2024, managed to record a significant increase in operational and financial performance.
The company showed impressive performance throughout the first semester of 2024. Several important achievements in the operational and financial fields, based on the performance report until June 2024, TPK Koja exceeded the targets set in the Work Plan and Budget (RKA). A number of significant improvements were recorded that reflected the success of the strategies and efficiencies that had been implemented. As conveyed by the Public Relations of TPK Koja to PERS Monday (22/7/2024).
Operational Performance
In the operational sector, container throughput has exceeded the target set in the RKA until June 2024. The throughput target was 438,142 TEUs, but the realization reached 486,295 TEUs. This increase was supported by additional contributions from Adhoc Service of 35 calls or 91,639 TEUs.
Compared to the same period in the previous year (until June 2023), throughput was only recorded at 457,519 TEUs, an increase of 6.29%. The main factor contributing to this increase was the increase in the number of Adhoc Services from 19 calls (25,976 TEUs) in 2023 to 35 calls (91,639 TEUs) in 2024.
Call Increase Factors Ship visits (calls) until June 2024 are higher than the RKA. There are 35 ad hoc ships calling due to the absence of windows at other Container Terminals, which is caused by the low punctuality of ship arrivals due to congestion at ports such as Singapore and Shanghai.
Financial performance
The company's financial performance also showed positive results in the first semester. An increase in throughput of 10.99% compared to the June 2024 RKA and an increase in net income of 13.05%. When compared to the same period the previous year, there was an increase in throughput of 6.29% and an increase in the BI selling rate as the basis for billing ship operating income, which cumulatively increased net income by 13.76%.
With this achievement, the company is optimistic that it can continue to maintain and improve its operational and financial performance in the second semester of 2024. Management will continue to make various efforts to improve efficiency and productivity in order to face existing challenges and take advantage of opportunities that arise in the future.
Future Challenges
Despite its proud achievements, TPK Koja also faces several challenges such as, the pier reinforcement project and the replacement of the ballar which disrupts loading and unloading traffic, field congestion due to the construction of X-Ray, congestion outside the terminal due to burning containers, and several system errors which disrupt traffic within CY.
Document projections show that the throughput target for the second half of 2024 will continue to increase, driven by consistent performance improvements and additional vessel calls. Total throughput for 2024 is expected to exceed the RKA target due to continued extra calls from other Container Terminals and increased handling capacity.
Vessel Calls Expectations, Vessel calls are expected to remain stable, with ongoing efforts to mitigate the impact of blank sailings and service terminations experienced in the first half of the year. Efforts to manage yard congestion and improve terminal efficiency are expected to improve operational throughput.
Strategic Initiatives. Then the improvement of infrastructure, completion of the dock reinforcement project and bollard replacement will increase loading and unloading efficiency.
Construction of the X-Ray facility is expected to be completed, reducing field congestion and improving TRT times.
Then, Operational Improvement, Continuous monitoring and improvement of RTG and operational equipment availability to ensure better performance metrics. Implementation of new traffic management system to reduce congestion both inside and outside the terminal.
Investment Plan: Continued investment in terminal infrastructure and technology to support long-term growth objectives. Plans to increase digitalization and automation in terminal operations to improve efficiency and reduce costs.
Overall, projections indicate a positive outlook for the remainder of 2024, with significant improvements in operational throughput and financial performance expected due to strategic initiatives and infrastructure investments.
(ISL News Editorial Team/email:islnewstv@gmail.com).
