Daily Archives: March 26, 2014

Batam to host international maritime festival

Batam in Riau Islands will host the Indonesia International Maritime Festival (IIMF), in conjunction with the 2014 Multilateral Naval Exercises in Komodo (MNEK). Jimmy Basuki, a representative from IIMF organizer PT Mare Nostrum, said the IIMF would include a maritime conference and expo as well as sports, leisure and entertainment. “The maritime conference and expo…

Wintermar 2013 Profit Up 34% on Rising Demand

Jakarta. Wintermar Offshore Marine, an Indonesian shipping services company, posted a 34 percent increase in profit last year, supported by demand for offshore vessels. Net income at the company rose to $27 million last year from $20.2 million in the previous year, while its revenue experienced an increase to $187 million from $124 million a…