Logindo Indonesia’s Journey in Offshore Support Vessels
Our History
Founded in 1995 by brothers Mr. Eddy Kurniawan Logam and Mr. Rudy Kurniawan Logam, PT Logindo Samudramakmur Tbk. began its journey as a marine logistics provider supporting Indonesia’s forestry sector, operating tugboats and barges.
What started as a modest venture has since grown into a prominent player in the Offshore Support Vessel (OSV) industry, serving the complex needs of offshore oil and gas operations.
A Journey of Transformation
By 1997, Logindo had shifted focus to offshore marine support services for the upstream oil and gas industry, securing its first major contract with Total E&P Indonesia. This marked a pivotal transition toward becoming a trusted partner in offshore energy logistics.
Over the decades, Logindo has built on that foundation, expanding its fleet, modernizing operations, and earning the trust of multinational energy clients. The Company has demonstrated remarkable resilience in navigating the cyclical nature of the oil and gas industry, including periods of downturn and transformation.
Charting the Path Ahead
Today, with a more efficient fleet, a capable shore team, and a strong balance sheet, Logindo is positioned for sustainable growth. Its commitment to safety, compliance, and long-term value creation continues to drive its mission to support energy projects in some of the region’s most challenging offshore environments.
Vision
To become Indonesia’s leading integrated industrial service company that contributes meaningfully to the industry and the nation.
Mission
- Consistently deliver customer satisfaction
- Provide optimal and sustainable value to all stakeholders
- Develop employees to reach their full potential
- Conduct business with integrity, prioritizing quality, occupational health and safety, and environmental protection
PT Logindo Samudramakmur Tbk
Milestone
Establishment of PT Logindo Samudramakmur Tbk. by brothers:
Mr. Eddy Kurniawan Logam and Mr. Rudy Kurniawan Logam as a company engaged in chartering offshore support vessels
1995 - Founded
Established and began operating tugboats and barges to support the timber industry.
1997 - Strategic Focus
Shifted business to marine support services for the upstream oil & gas sector.
Secured first contract with Total E&P Indonesia.
2005 - Fleet Expansion
Implementation of the Cabotage Principle by the Government of Indonesia.
Fleet grew to 24 vessels.
2008 - First Anchor Handling Tug
Acquired first AHT, Logindo Vigilant.
2011 - Strategic Partnership & Fleet Growth
Partnered with Alstonia Offshore Pte. Ltd, a subsidiary of Pacific Radiance Pte. Ltd, Singapore.
Acquired two 5,150 BHP AHTS vessels: Logindo Overcomer & Logindo Braveheart.
2012 - Further Fleet Expansion
Acquired three AHT vessels (Logindo Synergy, Logindo Stature, Logindo Destiny) and one AWB vessel (Logindo Reliance).
2013 - IPO & New Vessels
Acquired and deployed three AHTS vessels: Logindo Stout (8,000 BHP), Logindo Energy (12,000 BHP), and Logindo Enterprise (12,000 BHP).
Listed on the Indonesia Stock Exchange (IDX) through an Initial Public Offering on 11 December 2013.
2014 - Advanced Capability
Acquired two 8,000 BHP AHTS vessels (Logindo Sturdy & Logindo Stamina) equipped with Dynamic Positioning System 2.
2015 - Financial Milestones
Issued S$50 million bonds on the Singapore Stock Exchange (SGX).
Executed 1:4 stock split to enhance share liquidity.
2017 - Joint Venture & Capital Expansion
Formed PT Logindo Nusantara Gasindo with Epcilon Offshore Pte. Ltd, focusing on floating storage and regasification.
Conducted a rights issue to increase capital.
2022 - New Subsidiary
Established PT Delta Mahakam Makmur, specializing in ship, boat, and floating structure repairs.
2024 - Capital Injection
Executed non-preemptive capital increase of 1,750,000,000 shares.
