Paragon Karya Perkasa Completes $50M Acquisition of Indonesian Coal Shipping Operator

## Paragon Seals $50M Entry into Indonesian Domestic Shipping Jakarta-listed mining and energy support company Paragon Karya Perkasa has completed a Rp890 billion ($50 million) acquisition of PT Deli Pratama Angkutan Laut, securing direct control of a domestic coal shipping platform comprising 34 vessels, according to Splash247. The deal, which involved the purchase of 6,125 Series A shares from Singapore-listed Resources Global, marks a significant strategic pivot for Paragon as it moves to vertically integrate its operations by bringing coal transportation capacity in-house. ### Strategic Rationale Indonesia remains one of the world's largest coal exporters, and domestic shipping — governed by the country's cabotage principles under the Asas Cabotage policy — is a critical and tightly regulated segment of the logistics chain. By acquiring an established domestic operator with an existing fleet of 34 vessels, Paragon gains immediate operational scale rather than building capacity from the ground up. The move reflects a broader trend among Indonesian resource companies seeking greater control over their supply chains amid fluctuating freight rates and increasing demand for reliable coal transport between the archipelago's mining regions and export terminals. ### Deal Structure The acquisition was structured through the purchase of Series A shares from Resources Global, a Singapore-listed entity, underscoring the cross-border investment flows that continue to characterise Indonesia's maritime and resources sector. The Rp890 billion consideration places the per-vessel implied value at approximately $1.47 million, consistent with valuations seen for workhorse bulk and barge tonnage operating in Indonesian coastal trades. ### Market Context Indonesia's domestic shipping sector has attracted growing corporate interest as the government enforces cabotage regulations requiring domestic cargo to be carried on Indonesian-flagged vessels. This regulatory environment creates a premium for operators with established fleets, licences, and crew infrastructure — assets that Paragon has now acquired in a single transaction. The deal positions Paragon to reduce its exposure to third-party freight costs, improve margin visibility across its coal supply chain, and potentially offer shipping services to other mining clients operating in the region. *Source: Splash247*