ANALISIS EKONOMIS PEMBELIAN DAN PENYEWAAN KAPAL TONGKANG PADA PERUSAHAAN PELAYARAN DI SAMARINDA

Abstract

This study aims to evaluate the economic feasibility of procuring a 300-ft barge through two schemes: purchase and lease, within the operational context of a shipping company in Samarinda. The analysis employs Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period (PP), and Benefit-Cost Ratio (BCR). Linear regression is used to determine the optimal barge dimensions based on payload capacity. Results show that the purchase scheme yields an NPV of Rp 35.38 billion and an IRR of 12.05%, with a PP of 1 year and 11 months. Meanwhile, the lease scheme yields an NPV of Rp 7.85 billion and an IRR of 24%, with positive cash flow from the first year. This study offers strategic recommendations for shipping companies to select procurement models aligned with investment priorities and financial conditions.