Jakarta: Development at Batam Ampar port, costing some $37m, are set to be finished in 2014, expanding the port’s North Pier so that the whole port can handle 1.2m teu a year, around twice today’s amount. The pier’s length is being expanded from 400 m to 1,100 m while the depth alongside is being…
The question as to whether creditors will accept Berlian Laju Tanker’s (BLT) restructuring looks set to be settled on 2 January 2013. Creditors of BLT recently voted 98% of creditors, representing 95% of claims value voted in favour of an extension on date for the ultimate vote on the restructuring. Jakarta courts have now…
Warships hunt down pirate skiff off the coast of Somalia, take 9 suspected pirates into custody and sink their boat. Romanian frigate ROS Regele Ferdinand, under command of the EU Naval Force (EU NAVFOR) worked in close co-operation with Turkish warship TCG Gemlik of Combined Task Force 151 (CTF-151) to apprehended nine suspected pirates at sea…
Singapore: Half a million boxes separated Singapore from top boxport Shanghai in the first nine months of the year, according to Alphaliner statistics with the Chinese financial megalopolis coming out on top 24.2m teu versus the Lion Republic’s total of 23.7m. Growth for the top 25 boxports in the world was sluggish at 4.5%,…