State-owned port operator Pelabuhan Indonesia II (Pelindo II) plans to open five of its subsidiaries to initial public offerings over the next few years. Four of these — Pelabuhan Tanjung Priok, Car Terminal Indonesia, Multi Terminal Indonesia and Container Terminal — will release shares by 2016, while the fifth firm is expected to open its
Read moreState-run lenders Bank Mandiri and Bank Negara Indonesia (BNI) have agreed to provide Rp 4 trillion (US$365.46 million) in loans to Pelindo II to help the port operator finance the development of Kalibaru Port, also known as New Priok. Each of the lenders will disburse Rp 2 trillion to Pelindo II, which has been
Read morePolice officials are conducting an investigation on the death of an Indonesian fisherman that died while being locked up onboard a vessel. The victim, who was crew member of the FV Chokyu Maru No. 78 was held in the vessel’s isolated shower room when he was found dead while entering Fiji waters from Tahiti
Read moreMaersk Line can confirm that the Maersk Kampala is presently fighting a fire in two containers within the foremost bays on deck. The vessel is fully maneuverable but drifting south of the Suez Canal. All crew are accounted for and no injuries reported and communication Pokies with the vessel is ongoing. Tug boats with
Read more11 Malaysian fishermen were attacked and abducted near the Sipadan island by gunmen from the Philippines. The location of the crime is world scuba diving destination. The incident provoked questions about the security problems in the region. Earlier this year the coast of the Malaysian state of Sabah on Borneo island, was wracked by
Read moreDrewry’s Annual Review of Global Container Terminals Operators shows that PSA International, Hutchison Ports, APM Terminals and DP World remain the big four players in equity TEU and portfolio terms but with varying levels of activity– DP World and APM Terminals are highly active in terms of acquisitions, divestments and greenfield developments, Hutchison moderately active
Read moreJakarta: Maersk has just released a detailed seven-page report on trading in and out of Indonesia. In its Indonesia Trade Report for the first half of 2013, Maersk Line Indonesia cited low commodity prices, weakening of the rupiah, the delayed removal of fuel subsidies and the ensuing increase in the inflation rate as some
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