PT Temas Tbk (TMAS) is targeting service revenue this year to reach Rp4.006 trillion.

The Temas 2020 annual report, quoted on Friday (21/5), explains that new contractual transport and extension of old contracts are potential revenue for the company.

Furthermore, port modernization and expansion will improve the efficiency and efficacy of ship operations.

The Board of Commissioners believes that the market potential for this industry is still quite considerable, owing to the introduction of new shipping businesses as well as manufacturers that will distribute their goods.

The strategy applied is expansive in order to expand the range of delivery of goods, including opening new routes that are considered strategic.

Temas projects the cargo volume to be 589,505 TEUs in 2021, or 35.24% higher than last year's achievement of around 435,875 TEUs.

The company also estimates operating expenses to reach Rp3,244 trillion and a n