SURABAYA— PT Pelabuhan Indonesia (Pelindo) III plans to issue international bond worth US$290 million or around IDR3.5 trillion in the first semester of 2014. Financial Director of Pelindo III, Wahyu Suparyono, said the plan has been approved by general meeting of shareholder on Thursday (12/19). The internal team followed it up by inventorying necessary
Read moreIndonesian state-owned port operator Pelindo III is continuing to invest in infrastructure, spending IDR141.7bn ($12.75m) to develop a new yard for liquid bulk purposes at Gresik Port in East Java, according to local media reports. The new 210 m yard and its facilities are meant to help accommodate surging demand in oil, gas and
Read moreState-owned port operator PT Pelabuhan Indonesia III (Pelindo III) will purchase loading and unloading equipment for Teluk Lamong Terminal in Surabaya, East Java, after securing Rp 1.4 trillion (US$121 million) in loans from the London offices of Credit Suisse and Deutsche Bank. The purchase will include 10 ship-to-shore cranes and 20 automated stacking cranes
Read moreState-owned port company Pelindo III is aiming at double-digit growth this year as they connect more points to their major ports Tanjung Perak in East Java and Tanjung Emas in Central Java. Pelindo III spokesman Edi Priyanto said the firm had recently linked Tanjung Perak Port with three points in East Nusa Tenggara, namely
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