ABL, one of the leading providers of integrated logistics and transportation solutions for the mining and commodities industry, is initially investing in Cargo Transfer Ships and barges to increase its service offering in the Indonesian coal sector, it said in a press release.
“We see many opportunities in the bulk shipping sector, our roots are in Indonesian coal mining, so it is natural for us to operate and manage our own Cargo Transfer Ships and expand our fleet of barges to better serve our customers in the local mining sector,” said ABL president director Ika Bethari.
ABL deputy ceo Captain Pappu Sastry said: “The company’s goals are to develop ship owning, logistics and shipping concepts. We will also provide logistics support by utilising our owned and chartered fleet of vessels within Indonesia.”
Indonesia recently reiterated a ruling essentially declaring a cabotage rule on coal, among other key commodities.
The company is laying the foundations to become a top-quality shipping and logistics player and has received a national long-term rating of ‘BBB (idn)’ from Fitch one of the largest credit rating agencies worldwide. ABL counts top commodities firms such as Trafigura among its clients.
According to its website, ABL has an owned fleet of four Cargo Transter Ships, mostly working in Kalimantan, where the shallow rivers require coal to be transferred to ships lying further offshore. They are dual RINA and Indonesian BKI (Biro Klasifikasi Indonesia)-classed. ABL is also a member of the Indonesian National Shipowners’ Association (INSA)
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