Indonesia's Supreme Audit Agency (BPK) has suggested that there will be losses to the state amounting to $306m from the contract extension state-owned port operator Pelindo II gave to its partner Hutchison Port Holdings for the Jakarta International Container Terminal (JICT), local reports said.
Flagship Indonesia-Japan Patimban deep seaport project was in its final stage of preparations for the start of construction and is on track to start operations by 2019, local press reported.
Container line Orient Overseas Container Line (OOCL) has enhanced its intra-Asia network with the introduction of two new services, namely the Indonesia Thailand Straits Service (ITS) and Vietnam Johor Straits Service (VJS).
Keen to ensure security of their vehicle exports business in Indonesia, Japanese auto giants Toyota Motor Corporation and Mitsubishi Corporation are among the leading bidders to operate the new Patimban port in West Java, local reports said.
Marco Polo Marine has won a temporary protection order for its Indonesian shipyard as it seeks to restructure the Batam-based subsidiary.
Indonesia continues to make progress, albeit convoluted, towards getting its logistics infrastructure into shape, with local media reporting that approvals to build a canal linking industrial areas to the main Tanjung Priok Port could be given by mid-year.
Samudera Shipping Line is planning to dispose of six elderly ships including four boxships and two oil tankers, subject to approval from the shareholders.