Pelindo II Asked to End Conflict

  Business leaders have called on the management of the Indonesia Port Corporation to immediately resolve an internal conflict that resulted in a strike by workers. They have also urged the company to ensure shipping operations are not disrupted. The state port operator , known as Pelindo II, has been battling internal conflict following the…

Turkish Navy Tugboat Capsizes, 10 Killed

  A Turkish navy tugboat capsized while docked for repairs at a shipyard on the Aegean coast on Monday, killing 10 people, the military said. Eight of the dead were military personnel and two were civilian workers, local media said. Seventeen other military personnel were injured. The tugboat, TCG Degirmendere, was being lowered into the…

Pelindo III Issues IDR3.5 Trillion Bonds

  SURABAYA— PT Pelabuhan Indonesia (Pelindo) III plans to issue international bond worth US$290 million or around IDR3.5 trillion in the first semester of 2014. Financial Director of Pelindo III, Wahyu Suparyono, said the plan has been approved by general meeting of shareholder on Thursday (12/19). The internal team followed it up by inventorying necessary…