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…
A Thai diesel oil tanker with 14 crew members en route from Singapore to Indonesia is believed to have been hijacked, the International Maritime Bureau (IMB) said on Saturday, the second major case in months on one of the world’s busiest waterways. “It could be a hijacking. We have sent signals for ships in the…