Port operator Pelindo III, which manages facilities in central and eastern parts of Indonesia, will issue US dollar and rupiah bonds worth US$400 million this year to raise funds for the company’s port expansion projects. Pelindo III finance director Wahyu Suparyono said in Jakarta on Wednesday that the company would soon name the underwriters for…
JAKARTA – PT Indonesia Shipbuilding Industry (IKI) this year is focusing on the completion of Bitung shipyard repair in North Sulawesi, with an investment of IDR50 billion. The fund will be obtained from the State Capital Investment (PMN) worth IDR200 billion. The amount of the investment fund this year is the remainder of a total…
JAKARTA— Association of Indonesian Logistics requested Ministry of Transportation to consider logistic efficiency level in designing blue print for revitalization of river transportation in the country. Chair of Association, Zaldy Ilham Masita, said the demand is proposed following the plan by the Ministry to revitalize at least 117 rivers in Kalimantan, Sumatra, and Papua as…
JAKARTA – The government through the Directorate General of Sea Transportation again provided Public Service Obligation (PSO) funding for subsidy dedicated to economy class passengers. In this, the PSO subsidy gave 18 vessels with 376 voyeges operated PT Pelayaran Nasional Indonesia (Pelni) for IDR872.789 billion. The MoU for the PSO will be signed between the…