BERLIAN Laju Tanker has won US court approval for its petition to recognise an Indonesian insolvency decision, according to chief executive of its US-based subsidiary Jack Noonan. In a hearing yesterday, a judge in the US Federal Bankruptcy Court in New York agreed to recognise the March decision under an Indonesian court process known
Read moreSingapore’s High Court has given more time for debt-ridden Berlian Laju Tanker (BLT) to continue its restructuring plan. The High Court of Singapore has granted an extension of the section 210 filing until 10 January 2013, thereby continuing the protection of BLT’s assets through that time, according to John D. Noonan, ceo of BLT
Read moreJAKARTA – Produksi minyak dan gas (migas) Blok Offshore Northwest Java (ONWJ) tidak boleh ditutup karena akan mengganggu ketahanan energi nasional, hanya demi membangun Pelabuhan Cilamaya untuk melayani perusahaan otomotif. “Setahu saya, apapun itu, pelabuhan natau pabrik, masa sih harus dibenturkan dengan instalasi produksi minyak off shore yang sudah ada, yang sudah berproduksi,” kata pengamat
Read moreGPS satellites have become the new lodestar for lost drivers and modern navigators, but things are not always so simple if you live in South America. An atmospheric kink caused by the interplay of solar flares and Earth’s magnetic field called ionospheric scintillation can scramble satellite signals and leave travelers at sea. Literally. It’s one
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