Gridlock to Stay at Tanjung Priok

  Vice Finance Minister Mahendra Siregar said that without a “breakthrough” it would be difficult to ease container traffic at Tanjung Priok, Indonesia’s largest port. Despite recently signed agreements that aim to push down yard occupancy to 85 percent from a current level of around 100 percent, he said that if Indonesia’s economy continued to…

Pirates Release Oil Tanker Hijacked Off West Africa

  Pirates have released an oil products tanker and its 24 Indian crew after it was hijacked off the Gabon coast last week, the vessel’s operator said on Monday, in the most southerly attack yet off the coast of West Africa. A surge in piracy in the Gulf of Guinea region including waters off Nigeria,…