Feasibility analysis of indonesian traditional shipping industry to strengthen domestic maritime logistic system

Wegit Triantoro, Rahmat Nurcahyo

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

2 Citations (Scopus)

Abstract

Indonesian traditional shipping industry is an industry which engaged in the field of transport-goods from one to another site using traditional ship called Phinisi sailing motor ship. By maximizing the role of traditional shipping, it could help Indonesia to increase the strength of 3 main pillars, politics, economy and culture on ASEAN Economic Community at once. The increasing number of traditional shipping fleet will assists the monitoring of Republic Indonesia marine areas. As it will support more local economic opportunities by open many areas that difficult to reach. In culture-wise, the existence of traditional shipping can bring the spotlight to Indonesian heritage, which is the great Phinisi. Financial and technical analysis are used in this study. The goal of the financial analysis is to find out the feasibility of traditional shipping industry, based on 4 factors; NPV, IRR, Profitability Index, and Payback Period. The sources is obtained by interviewing several companies located at Sunda Kelapa port. The scope of the problems revered to the 496 GT ship, sails through Jakarta-Palembang trading route which brings cement for 20 years old aged project. According to the positive results of the indicators, it is safe to say that traditional shipping industry is prosperous.

Original languageEnglish
Title of host publication6th International Conference on Industrial Engineering and Operations Management in Kuala Lumpur, IEOM 2016
PublisherIEOM Society
Pages1060-1069
Number of pages10
ISBN (Print)9780985549749
Publication statusPublished - 1 Jan 2016
Event6th International Conference on Industrial Engineering and Operations Management in Kuala Lumpur, IEOM 2016 - Kuala Lumpur, Malaysia
Duration: 8 Mar 201610 Mar 2016

Publication series

NameProceedings of the International Conference on Industrial Engineering and Operations Management
Volume8-10 March 2016
ISSN (Electronic)2169-8767

Conference

Conference6th International Conference on Industrial Engineering and Operations Management in Kuala Lumpur, IEOM 2016
CountryMalaysia
CityKuala Lumpur
Period8/03/1610/03/16

Keywords

  • Indonesian traditional shipping
  • LVL and feasibility study

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