Finance Minister Agus Martowardojo has criticized the layout of the Jakarta’s Tanjung Priok port, saying that shipments spend too much time in transit, and called on the operator to reorganize it. Tanjung Priok is the busiest port in the country, accounting for more than 50 percent of export and import activity. Agus said the current
Read moreThe maritime security of India got a further boost today with the induction of state-of-the-art new generation Naval Offshore Patrol Vessel (NOPV), INS “SARYU”, indigenously designed in-house and built by Goa Shipyard Limited. The Vessel was formally commissioned into the Indian Navy by Air Marshal P K Roy, AVSM VM VSM Commander-in-Chief, Andaman &
Read moreThe Philippines contacted the United Nations Tribunal today to intervene in their dispute with China over coveted territory in the South China Sea. China’s claim over the islands also puts the country at odds with Vietnam, Taiwan, Malaysia, and Brunei. The Philippines claims China’s activities are contrary to the U.N. Convention on the Law
Read moreGunmen, who hijacked a fuel-laden tanker off Ivory Coast, have released the vessel today after stealing about $5 million of the ship’s cargo. Fortunately none of the 16 crewmembers aboard the Panama-flagged ITRI were injured in the attack. According to the tanker’s owner, Nigeria-based Brila Energy, the crew was locked in a dining room
Read moreAll 79 crew members have been taken off the mine countermeasures ship, grounded onTubbataha Reef, off Subic Bay, Philippines. Crew members have been temporarily removed and safely transferred by small boat to the nearby support vessels USNS Bowditch (T-AGS 62) and MSV C-Champion. After the Sasebo-based Guardian ran aground Jan. 17, initial efforts to
Read moreJAKARTA—The Government is targeting to cut off dwelling time in Tanjung Priok port from 6.7 days to 4 days this year in order to increase competitiveness and to cut logistics costs in the country. The Coordinating Minister for the Economic Affairs Hatta Rajasa said Tanjung Priok is a strategic entrance to accommodate most of
Read moreSingapore: An especially brutal final quarter saw Singapore’s First Ship Lease Trust notch up an $8.4m loss for 2012, on the back of revenue slipping 4.2%. Three tankers were taken back by Berlian Laju Tankers and charters were slashed on a pair of Torm ships, leading to a big dent in revenues for the
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