Well-established local criminal syndicate diversifying its targets rather than undertaking new operations says Denmark-based security advisory and intelligence company Risk Intelligence. The recent hijacking cases of coastal product tankers in South East Asia for the theft of their cargoes represents a diversification of the threat rather than a new trend. “It’s a case of new…
Arbitration, joint development, shared infrastructure and coordinated investment offer an all-around face-saving solution to territorial tensions in the South China Sea. None of the proposals are novel. All are already on the table or represent logical extensions to existing initiatives. Joint Development Areas linked by multilaterally-funded network infrastructure could solve South China Sea territorial tensions.…
Freight rates for the biggest vessels to navigate the Panama canal are poised to slump to a record because of Indonesia’s ban on exports of nickel and aluminum ore, according to an operator of the ships. The daily rate to hire Panamax ships, which can carry about 70,000 metric tons of commodities including coal and…
JAKARTA – Orient Overseas Container Line (OOCL), a Hong Kong based global shipping company, is targeting the growth of export import containers volume coming from and to Tanjung Priok port of Jakarta, especially for TPK (Container Terminal) Koja and JICT (Jakarta International Container Terminal), to reach 7%-8% every year. President Director of PT OOCL Indonesia…