in april 28, 1952, pepuska was dissolved. pelni (now as a company, not a foundation) was founded at the same day, with the same fleet. to bring more power, indonesian eximbank provided funding to buy 45 new coaster ships from western europe countries, and while waiting these new ships being produced, rented various ships from many countries. pelni also used ships looted from japan in world war 2. these strategies proved successful, as kpm suffered from declining market share and strike workers led by sukarno's leftist doctrine. kpm discontinued its indonesian operation in december 3, 1957.