The paradox of the Straits of Malacca and modern container shipping is that despite the potential high volumes, and while terminal operators are always looking for alternatives to the established main ports of Singapore, Port of Tanjung Pelepas (PTP) and Port Klang, most of the major lines have already anchored themselves at one of the three and are unlikely to move without a sufficiently good reason.
Five people have died and one has been injured following a fatal fire incident that occurred at a ASL Marine shipyard in Batam, Indonesia.
Singapore’s offshore services firm Vallianz Holdings has ceased operations at its shipyard in Singapore since end-2016 as part of efforts to streamline business operations amidst the severe industry downturn.
Indonesian authorities have nabbed six suspected pirates in the waters off Batam Island. Local media reported that the alleged pirates operating in the Malacca Straits were caught by Western Fleet Quick Response Team from the Indonesian Navy’s Tanjung Pinang base earlier this week.
Indonesian national oil company Pertamina's oil and gs shipping unit Pertamina Trans Kontinental (PTK), has added one more tanker to its fleet to strengthen oil distribution across the archipelago and help increase revenue, local reports said.
Indonesian state-owned oil company Pertamina is venturing into the bunker business and will set up a new subsidiary by September, local reports quoted company officials as saying.
An oversupply of tugs and barges in Indonesia is set hit the country’s shipyards on the island of Batam close to Singapore.
Singapore’s Otto Marine has entered into a memorandum of understanding with a port operator to explore the potential development of a fabrication and marine facility in Batam, Indonesia.
Indonesia can take a shot at becoming one of the world’s leading shipbuilding nations, provided the government implements supporting policies such as the abolishment of taxes, according to Eddy Kurniawan Logam, president director of PT Logindo Samudramakmur Tbk.