Indonesian state port operator Pelabuhan Indonesia II (Pelindo II) is reportedly preparing its logistics, container terminals and multipurpose terminals subsidiary, Multi Terminal Indonesia (MTI), for an initial public offering to raise IDR300bn ($31 million) in the second half of 2013. MTI was spun off from Pelindo II in 2002, but it still controls a…
Continued success in deterring pirates will come from combined involvement from the wider maritime community according to the Commander of Combined Task Force (CTF) 151, Rear Admiral Oğuz Karaman, from the Turkish Navy. During flagship TCG Gemlik’s port visit to Muscat, Oman, Rear Admiral Karaman highlighted the importance of involving fishing and merchant vessels…
On Sunday 7 October Romanian EU Naval Force (EU NAVFOR) frigate ROS Regele Ferdinand, successfully completed her first “friendly approach” to a vessel just off the Somali Coast. Friendly approaches/boarding are conducted to gather intelligence by speaking with the regional trading and fishing communities in the area of operations as well as to make masters…
The Jakarta Globe reported that the port subsidiary of state controlled steel maker Krakatau Steel plans to build a 600 meter long dock at Cigading port in Banten. The Krakatau Bandar Samudera project is estimated to cost IDR 735 billion. It is intended to serve ships carrying production output from a JV between Krakatau…