State-owned port operator Pelabuhan Indonesia II (Pelindo II) plans to open five of its subsidiaries to initial public offerings over the next few years. Four of these — Pelabuhan Tanjung Priok, Car Terminal Indonesia, Multi Terminal Indonesia and Container Terminal — will release shares by 2016, while the fifth firm is expected to open its…
State-run lenders Bank Mandiri and Bank Negara Indonesia (BNI) have agreed to provide Rp 4 trillion (US$365.46 million) in loans to Pelindo II to help the port operator finance the development of Kalibaru Port, also known as New Priok. Each of the lenders will disburse Rp 2 trillion to Pelindo II, which has been…
Police officials are conducting an investigation on the death of an Indonesian fisherman that died while being locked up onboard a vessel. The victim, who was crew member of the FV Chokyu Maru No. 78 was held in the vessel’s isolated shower room when he was found dead while entering Fiji waters from Tahiti…
Maersk Line can confirm that the Maersk Kampala is presently fighting a fire in two containers within the foremost bays on deck. The vessel is fully maneuverable but drifting south of the Suez Canal. All crew are accounted for and no injuries reported and communication Pokies with the vessel is ongoing. Tug boats with…