China’s shift towards a domestic consumer demand-oriented economy could provide a significant boost to the global shipping industry, as the world’s second largest economy targets more sustainable growth. “2013 will be another peak year of new vessel deliveries. Oversupply of capacity is still an obstacle for the shipping industry to overcome, but with the…
Jakarta (ANTARA News) – State-owned oil and gas company PT Pertamina will increase the number of its tankers by procuring new ones until 2015 to increase cost efficiency in oil shipment and to give more value added to the company. “With more ships, cost will be made more efficient to make Pertamina oil price…
JAKARTA: PT Pelindo III to build new modern passenger terminal in January 2013 to increase passenger capacity in Tanjung Perak Port, Surabaya. The construction phase I is scheduled to begin in January 2013 and to be completed by the end of 2013. The total area of passenger terminal reached 16,500 m2 with 4,000 people…
Eight pirates were arrested by the Malaysian Maritime Enforcement Agency (MMEA) while they were in the midst of robbing a ship off the coast of Tanjung Stapa in Pengerang, Malaysia. MMEA (Southern Region) Maritime First Admiral Adon Shalan said the Indonesian pirates approached the ship [reports state as Merlion Dua in a wooden boat.…