APL is launching a new Korea – China – Southeast Asia service with Cheng Lie Navigation.
The littoral nations of Singapore and Malacca Straits (SOMS) have signed an agreement for phase two of a hydrographic survey of the busy waterway.
DP World is to quit Indonesia’s second largest port – Surabaya – after its current contract comes to an end in 2019.
Singapore’s Keppel Offshore & Marine Limited (Keppel O&M) has signed a Heads of Agreement (HOA) with compatriot Pavilion Energy and Indonesian state-owned PT Perusahaan Listrik Negara (PLN) to explore small-scale LNG solutions in West Indonesia.
Indonesian state-owned port operator Pelindo II, through its units, has signed a raft of agreements with other state-owned enterprises (SOEs) to develop the maritime industry, local reports said.
Indonesian firm Intra Asia Indonesia has entered a deal to build a coal import port in southern Vietnam, local reports said. The project will involve a $1bn investment to build a port with capacity of 15m to 20m tons of coal per year.
Activity in the Indonesian offshore industry has been picking up in the second quarter, with utilisation rates rising, however, charter rates have been under pressure due to intense competition, said Wintermar Offshore Marine in a press release.
The combination of Tanjung Priok Port in North Jakarta and the planned Patimban Port in Subang, West Java, will significantly increase Indonesia's port capacity and it could compete with Singapore, although they will have to cooperate with each other to do so, local reports said.
Mermaid Maritime Public Company Limited has clinched two subsea contracts with a combined value of $4.6m, expanding into a new country in the Middle East and reinforcing its presence in Southeast Asia.