PT Pelabuhan Indonesia II (Pelindo II), a state-run Indonesian port operator, plans to raise $1.25 billion in syndicated loans to help finance the expansion of its North Jakarta port. A weak port infrastructure in Southeast Asia’s largest economy pushes up logistics costs and makes it harder for businesses to expand operations. The company has appointed…
Firemen at Brazil’s Santos Port struggled on 3rd August to contain a blaze at two sugar warehouses, operated by producer Cosan SA, which threatens to disrupt exports from the world’s biggest sugar producing nation. The fire broke out at the sugar terminal at 4:30 pm local time and 12 fire trucks were still trying to…
Highlights of the Past Month: •Last month has seen less pirate activity in Indian Ocean region but increasing number of serious incidents on South- China Sea. The main sources reported at least 4 suspicious events in the Red Sea area, 2 serious incidents near Nigeria, 1 hijacking near Ghana and possible 1 robbery attempt near…
JAKARTA – Supply Chain Indonesia urges the government to perform revitalization to the ports in Indonesia in order to support the acceleration of goods mobilization. Setijadi, Chairman of Supply Chain Indonesia, said that the damage of Comal Bridge brings impact to the transportation acceleration both for the passengers or goods which may get back to…