Started as Makassar Shipyard Projects in 1963, is 100% owned by the government of Indonesia, founded on 29 October 1977. Known as PT IKI and headquartered in Makassar, South Sulawesi.

PT IKI is the biggest shipyard in eastern Indonesia with yards in Makassar and Bitung, North Sulawesi.

The government has appointed PT IKI as the Center of Maritime Industry for eastern Indonesia especially for Fishing Vessel, Passenger Ships, Ferry (Ro-Ro), Cargo and any related industrial project industry.

Makassar yard is to support the Port of Makassar, one of four main Harbours in Indonesia. Whilst Bitung yard is to support the development of fisheries sector in northern part of eastern Indonesian archipelago (KTI). The two yards of PT IKI  play an active role in promoting national development of the country.