Well-established local criminal syndicate diversifying its targets rather than undertaking new operations says Denmark-based security advisory and intelligence company Risk Intelligence. The recent hijacking cases of coastal product tankers in South East Asia for the theft of their cargoes represents a diversification of the threat rather than a new trend. “It’s a case of new
Read moreArbitration, joint development, shared infrastructure and coordinated investment offer an all-around face-saving solution to territorial tensions in the South China Sea. None of the proposals are novel. All are already on the table or represent logical extensions to existing initiatives. Joint Development Areas linked by multilaterally-funded network infrastructure could solve South China Sea territorial tensions.
Read moreFreight rates for the biggest vessels to navigate the Panama canal are poised to slump to a record because of Indonesia’s ban on exports of nickel and aluminum ore, according to an operator of the ships. The daily rate to hire Panamax ships, which can carry about 70,000 metric tons of commodities including coal and
Read moreJAKARTA – Orient Overseas Container Line (OOCL), a Hong Kong based global shipping company, is targeting the growth of export import containers volume coming from and to Tanjung Priok port of Jakarta, especially for TPK (Container Terminal) Koja and JICT (Jakarta International Container Terminal), to reach 7%-8% every year. President Director of PT OOCL Indonesia
Read moreA Thai diesel oil tanker with 14 crew members en route from Singapore to Indonesia is believed to have been hijacked, the International Maritime Bureau (IMB) said on Saturday, the second major case in months on one of the world’s busiest waterways. “It could be a hijacking. We have sent signals for ships in the
Read moreJAKARTA – Three major operators of import-export container terminal (TPK) at Tanjung Priok have invested more than US$207 million or IDR2.3 trillion in the last 6 years to improve their performance, which are Jakarta International Container Terminal (JICT), Terminal Petikemas (TPK) Koja and Terminal Mustika Alam Lestari (MAL). Secretary of Indonesian Container Terminal Business Association
Read moreTokyo (ANTARA News) – Two Chinese coastguard ships sailed into disputed waters off Japan-administered islands in the East China Sea Saturday, officials said, as the United States warned Beijing over increasing territorial assertiveness. The Japanese coastguard said the Chinese vessels entered the 12-nautical-mile band of territorial waters around one of the Senkaku Islands, around 10
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