Risk Management

The Company realizes of various risks that may affect to the Company’s sustainability as well as its performance and employees, particularly related to the core business of sea transport services (domestic sea transport) which operates trough the company’s subsidiary, Wasesa Line, as the main and sole contributor to the company’s revenue.

Major operational risk of the company is related to the risk of contract termination of the subsidiary by its customers. To mitigate this risk, the key success of operation and risk management focus on the following:

1. Safety First: continuously prioritize safety and security.
2. Prime Quality: consistent perform routine maintenance, repair and docking of all fleets.
3. Quick Respond: quick respond to any problem or issues by establishing a better control and monitoring over the onshore and offshore activities as well as financial control by developing an integrated system information basis.
4. Collaboration: collaboration with vendors to maintain fleet readiness and utilization.
5. Building Competence: improve employee awareness dan competence both onshore and offshore.