PT Logindo Samudramakmur Tbk. was
established in 1995 by Eddy Kurniawan Logam & Rudy Kurniawan Logam
and since 1997 is committed to provide integrated maritime services to
support upstream oil & gas industry.
To further develop the business to the
next level, in 2011 the Company invited Pacific Radiance Pte Ltd to
become its strategic partner and at the end of 2013 it listed its shares
to Indonesian capital market (Initial Public Offering). Logindo Samudramakmur LEAD
The Company is committed to implementing
Good Corporate Governance to support a healthy business growth in the
long run. Good Corporate Governance is a relationship pattern, system
and process applied in a company’s organ (General Meeting of
Shareholders, the Board of Commissioners, and Directors) in order to
give added value to Shareholders in a long-term sustainable manner, with
due regard to the interests of Stakeholders based on applicable rules
and norms.
As a public company, Logindo believes
that implementing GCG principles in a consistent and sustainable manner
will thus strengthen investors’ trust, increase value for Shareholders
and other Stakeholders, as well as obtaining sustainable and long-term
business growth. Logindo Samudramakmur LEAD
The Company has prepared a Board Manual
as part of its endeavors to enhance its commitment to implementing GCG
principles. The document serves as a guideline by which the Boards of
Commissioners and Directors carry out their respective authorities,
duties, and responsibilities.
The Board Manual is prepared based on
the principles of Corporate Law of the Republic of Indonesia, which
practices a two-tier system, as well as the Company’s articles of
association, rules and regulations, directives of General Shareholders
Meeting and GCG best practices. Logindo Samudramakmur LEAD
The Code of Conduct, which is summarized
in the Corporate Ethical Guidelines, set the business and behavioral
ethics for everyone in the Company; nurturing, governing and adjusting
behaviors. This is so that words, attitudes, and actions are in
accordance with the Company’s Values.
The application of Corporate Ethical
Guidelines is part of the GCG’s implementation in the Company, which
serves as reference in running its business activities, including in
interacting with Stakeholders based on moral values and ethical
standards of business.
The Code of Conduct regulates the following key issues, among others :
- Relationships with All Stakeholders
- Integrity and Commitment of every individual in the Company regarding Law Obedience, Work Relationships, Work Environment, Conflict of Interests, Confidentiality of Data, and Information and Information Disclosure Policy
- Gratification and bribery
- Health, Safety, and Environment (HSE)
- Abuse of Narcotics & Forbidden Substances, Alcohol and Gambling
- Socialization and Internalization of Code of Conduct Logindo Samudramakmur LEAD
The Risk Management Policy &
Corporate Governance Committee that consists of three Commissioners
periodically discussed, reviewed every business risk and suggested their
mitigation measures to the Directors in the Boards of Commissioners and
Directors’ meetings.
In Corporate Governance, the Corporate
Governance Policy Committee has requested the Board of Directors to
refine the general GCG Guidelines to become GCG Code, Board Manual, and
Code of Conduct.
In every meeting with Board of
Directors, the Corporate Governance Policy Committee reminds the
Directors and all the Company’s management level to always uphold Good
Corporate Governance practices. Logindo Samudramakmur LEAD
The Company conducts an effective and
integrated risk management system to develop sound business and to reach
optimal profitability within a pre-determined level of risk tolerance.
The Company implements the risk management system to develop a risk awareness culture at workplace.
The effectiveness of the risk management
system implementation is regularly reviewed. The Company transparently
discloses significant risks that affect activities to potential business
partners. Logindo Samudramakmur LEAD
Integrated Marine Services
We provide diverse types of offshore support vessels manned by competent
and experienced crew to be able to meet the customers’ most stringent
QHSE requirements.
We deliver marine services in different areas of Indonesia, along
shorelines and now also in deep waters of the region. Our goals include
reaching the highest level of efficiency, while nurturing collegial
relationships with clients’ employees and stakeholders.
From anchor handling and supply to provision of accommodation barges,
consistently meeting expectations and at times surpassing them, we
employ anchor handling tugs and anchor handling supply vessels, platform
supply vessels, diving support and utility vessels, crew boats, patrol
boats, landing craft tanks, tug boats, barges, and accommodation work
barges.
Our approach toward offshore oil
& gas services has created long-term relationships. We won our first
contract in 1997 with a major oil & gas provider and still serve
the client. Other relationships have been lasting for more than a
decade, with consistent renewal of multiyear contracts. More often than
not, successful completion of a contract in one service area led to
contracts in other areas.
To us, clients are long-term partners in
achieving world-class operations, sustainable businesses, and the
revival of Indonesia’s maritime sector. We are fully aware about the
risks involved in offshore oil & gas services, but are not afraid to
promise service excellence beyond international standards of quality,
safety, health, and environment management.
Professional personnel with the highest level of integrity are key to our world-class marine services for offshore oil & gas operations
We are fully committed to meet all contractual obligations and are
willing to go the extra-mile in order to exceed customers’
expectations. Always delivering what we promise, we work hard to uphold
Logindo’s integrity in any possible situation.
At all times, we comply with industry regulations to support the
advancement of the Indonesian maritime industry. Abiding the law and
rules is of course a must, but we are willing to go with regulations
while they are being developed. We do so because we firmly believe that
Indonesia’s maritime industry has the right to excel in its own, if not
in the region’s, waters. Logindo Samudramakmur LEAD
Graha Corner Stone
Jl. Rajawali Selatan II No.1
Jakarta Pusat - 10720, Indonesia
P: (62.021) 6471-3088
F: (62.021) 6471-3220
E: corporate@logindo.com
Jl. Rajawali Selatan II No.1
Jakarta Pusat - 10720, Indonesia
P: (62.021) 6471-3088
F: (62.021) 6471-3220
E: corporate@logindo.com
Logindo Samudramakmur LEAD
Logindo Samudramakmur LEAD