Indonesia Maritime Country
PANN Maritime Finance is a financing institution specifically for the maritime sector. PANN Maritime Finance provides financing services that are more flexible and focused compared to financing from bank financial institutions.
Some of the specificities of PANN Maritime Finance include:
- The object of financing is held by the creditor during the financing period
- The value of the loan object is greater because it is not considered a piece of movable property
- Smaller down payment
- The financing scheme can be adjusted to the needs of the debtor
- Longer loan term.
- Have Ship Management system to monitor ship movement at real time
Indonesia maritime country
Indonesia is the largest archipelago country in the world with 17,504 islands. As an archipelago the concept of economic development on these islands has a difference with that of the mainland countries in general. The concept of development of an island nation actually utilizes sea transportation as the main pillar. Because sea transportation has a much lower cost compared to land transportation.
Maritime Economy
Indonesia’s maritime potential is not only found in the fisheries, oil and gas, but also related to the tourism sector, whose value reaches IDR 15,000 Billion/year.
Much greater potential is found on land by utilizing the sea as a mode of transportation. With the existence of cheaper modes of sea transportation, the development of economic sectors should be made with a maritime perspective. Development must be based on the availability of the sea which can be used as a cheap mode of transportation. Sea transportation mode will be cheaper if the ship’s cargo can always be filled when the ship round trip. Thus, the development of the production sector on each island must be regulated so that each islands can sort of feeds on each other.
Prospects in the Fisheries Sector
With the prohibition of foreign fishing vessels, Indonesia currently needs around 3,000 vessels (SWA, 6 April 2015). The government is trying to encourage fishermen to have fishing vessels with a capacity of 150 GT. But this is constrained by the capital owned by fishermen, both in financial and asset terms.
In collaboration with relevant agencies, including the Ministry of Maritime Affairs and Fisheries, one of the programs being carried out by PANN Maritime Finance is to become a funding company for fishermen by helping to finance the procurement of fishing vessels. During this time the fishermen have difficulty in proposing the process of purchasing a fishing boat because the requirements are not in accordance with their assets and capabilities. With this financial support program, fishermen will be provided with the convenience in financing fishing boat. Fishermen`s standard of living is expected to increase along with the increase in the volume of fish catches with fishing vessels owned.
Sustainable Financing
As a company that is concerned with environmental preservation and social responsibility, PANN Maritime Finance strives to consistently implement sustainable financial systems in accordance with the Financial Services Authority Regulations Number 51 /POJK.03/2017, including through financing that pays attention to, among others, the application of Marine Polution (Marpol) rules Annex VI Regulation 14 regarding Sulfur Oxides (SOx) and Particular Matter which regulates sulfur content limits on ships by 0.5% which will begin to be phased in from January 1, 2020.
In particular, the company provides education to fishermen on the importance of sustainable fisheries, among others through the use of fishing tools and techniques that are legal, constructive and environmentally friendly
- Indonesia maritime country
-
Indonesia maritime country
Indonesia is the largest archipelago country in the world with 17,504 islands. As an archipelago the concept of economic development on these islands has a difference with that of the mainland countries in general. The concept of development of an island nation actually utilizes sea transportation as the main pillar. Because sea transportation has a much lower cost compared to land transportation.
- Maritime Economy
-
Maritime Economy
Indonesia’s maritime potential is not only found in the fisheries, oil and gas, but also related to the tourism sector, whose value reaches IDR 15,000 Billion/year.
Much greater potential is found on land by utilizing the sea as a mode of transportation. With the existence of cheaper modes of sea transportation, the development of economic sectors should be made with a maritime perspective. Development must be based on the availability of the sea which can be used as a cheap mode of transportation. Sea transportation mode will be cheaper if the ship’s cargo can always be filled when the ship round trip. Thus, the development of the production sector on each island must be regulated so that each islands can sort of feeds on each other.
- Prospects in the Fisheries Sector
-
Prospects in the Fisheries Sector
With the prohibition of foreign fishing vessels, Indonesia currently needs around 3,000 vessels (SWA, 6 April 2015). The government is trying to encourage fishermen to have fishing vessels with a capacity of 150 GT. But this is constrained by the capital owned by fishermen, both in financial and asset terms.
In collaboration with relevant agencies, including the Ministry of Maritime Affairs and Fisheries, one of the programs being carried out by PANN Maritime Finance is to become a funding company for fishermen by helping to finance the procurement of fishing vessels. During this time the fishermen have difficulty in proposing the process of purchasing a fishing boat because the requirements are not in accordance with their assets and capabilities. With this financial support program, fishermen will be provided with the convenience in financing fishing boat. Fishermen`s standard of living is expected to increase along with the increase in the volume of fish catches with fishing vessels owned.
- Sustainable Financing
-
Sustainable Financing
As a company that is concerned with environmental preservation and social responsibility, PANN Maritime Finance strives to consistently implement sustainable financial systems in accordance with the Financial Services Authority Regulations Number 51 /POJK.03/2017, including through financing that pays attention to, among others, the application of Marine Polution (Marpol) rules Annex VI Regulation 14 regarding Sulfur Oxides (SOx) and Particular Matter which regulates sulfur content limits on ships by 0.5% which will begin to be phased in from January 1, 2020.
In particular, the company provides education to fishermen on the importance of sustainable fisheries, among others through the use of fishing tools and techniques that are legal, constructive and environmentally friendly
