TRIBUNNWES.COM, JAKARTA – PT PANN Pembiayaan Maritim, the subsidiary of PT PANN (Persero) is targeting to realize the procurement of handymax-type fertilizer shipping vessel of PT Pupuk Indonesia Logistik for around USD 15 million. Both companies signed the MoU last week to procure a fertilizer shipping vessel. The signing took place at Grand Hyat Hotel,
Read moreThe Indonesian government announced it will impose stringent measures and harsh penalties to hasten cargo flow at Tanjung Priok, the country’s main shipping gateway that is getting flak for congestion and long dwell times. Chief Economics Minister Chairul Tanjung told local media the government will take steps to cut dwell time at the port from
Read moreJAKARTA – The operation of Block Offshore North West Java (ONWJ) is still awaiting the changes of the feasibility study of the cilamaya port project which is targeted for completion in July 2014. In fact, the construction of the port in the Khanewal district will shift the oil and gas pipeline owned by PT Pertamina
Read moreTEMPO.CO, Jakarta – Malaysian authorities say they have arrested two Indonesian men connected to one of two boat accidents that have left 15 people dead and 27 others still missing. Officials say 82 people have been rescued so far, in an ongoing search off western Malaysia after the boats sank in separate incidents last Wednesday.
Read moreWell-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
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