Indonesia’s PT Berlian Laju Tanker (BLTA.JK) (PTBL.SI), the world’s third-largest chemical shipper, hopes to restructure its $1.9 billion debt by the year-end and will switch its focus to niche liquid chemical and gas transport, its founder and chairman said in a rare media interview. The country’s leading oil and gas shipper defaulted on several
Read moreIndonesia-based oil and gas shipping company, PT Berlian Laju Tanker, filed for Chapter 15 creditor protection in a U.S. bankruptcy court on Tuesday, days after it reached a deal with creditors to restructure its $1.9 billion debt. Under U.S. bankruptcy laws, Chapter 15 grants a foreign company protection from creditors looking to seize its
Read moreJakarta (ANTARA News) – An Indonesian seaman, along with three other seamen from Malaysia, Thailand and Iran have been held hostage by armed Nigerian pirates since Saturday. The president of the Indonesian Seamen Association (KPI), Hanafi Rustandi, in a press statement received here on Thursday, said they were taken hostage from “BG Jascon 33”
Read more Indonesian researchers said Thursday they have discovered what is believed to be the wreck of a German submarine that was torpedoed off the main island of Java during World War II. A team found the wreck — which contained at least 17 human skeletons — north of Java earlier this month after a tip-off
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