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22 June 2020

The Impact of the Pandemic Still Feels, IPC Sees Opportunities Improvement in the Warehouse Market

PT Pelabuhan Indonesia II (Persero) / IPC recorded container throughput from January to May 2020 of 2.8 million TEUs. Although this figure is down 10.4% over the same period in 2019, this decline is not as sharp as the rate of decline in imports nationally.

"IPC is grateful that the impact of the pandemic has not reduced the activities and productivity of the Port as deep as several other sectors such as oil & gas, transportation, and tourism," IPC President Director Arif Suhartono said here on Monday (6/22).

Citing data from the Central Statistics Agency, national exports in May 2020 recorded 10.53 billion USD. This figure is down 28.3% compared to May 2019. While the value of imports fell 42.2% compared to May last year. The import value in May 2020 was 8.44 billion USD.

According to him, slowing export and import activities also occurred in almost all countries. China, which had stretched in April, was corrected again in May. Aside from being influenced by the Covid-19 pandemic, June's figures are also the impact of slowing export-import activities, a week before and after Idul Fitri. However, Arif is still optimistic that this situation will gradually improve in the coming months. At least, the flow of containers will increase after Lebaran, as the cycle of previous years.

"The decline in throughput during Hari Raya almost occurs every year. We hope that in June there will be a rebound in the container flow, although the impact of the pandemic will still be felt, "explained Arif.

Despite the general decline, IPC sees growth potential in this 'new normal' period. For example, during the decline in ship flow, there was an increase in the volume of warehouse use in several ports, including in Tanjung Priok Port.

"At the moment we are still consolidating data on the growth of warehousing occupancy at the port, as part of the study material to review the company's target for 2020," Arif said.