Indonesia is forecasted to market at least 264 liquefied natural gas (LNG) cargoes this year, local reports said.
Samudera Shipping Line has disposed of another aging container vessel used in the domestic Indonesian trade for $1.28m.
The interest of countries in Southeast Asia such as Indonesia, the Philippines, Myanmar and other similar stage countries is that they are going through a rapid development phase now and there is a need to boost infrastructure.
Indonesian state-owned port operator Pelindo III will issue global bonds worth $1bn to fund several development projects, including the construction of the overpass to the Teluk Lamong terminal in Surabaya, the deepening of the Benoa port pond in Bali, and the construction of the Gili Mas quay at the Lembar port in Lombok, local reports said.
Shipping unit of Indonesian port operator Pelindo II, Jasa Armada Indonesia, is expecting to raise about IDR924.3bn ($68.5m) in fresh funds after setting its initial public offering (IPO) price at between IDR325 to IDR530, local reports said.
Indonesian retailers have no idea how to gain access to President Joko Widodo's much vaunted maritime highway programme, somewhat negating its utility, local media reported.
Indonesian state-owned line Pelni will spend IDR500bn ($37m) on purchasing six secondhand feeder container vessels in support of President Joko Widodo's maritime highway scheme.
The Indonesian government has opened the much awaited tender process for the IDR13.7trn ($1bn) construction of the Patimban Port in Subang, West Java, local media reported.
A 22% increase in overall vessel traffic at ports under its management pushed Indonesian state-owned port operator Pelindo II to a 9% rise in third quarter profit to IDR1.55trn ($112.3m) president director Elvyn Massasya was quoted as saying in local media.
APL is launching a new Korea – China – Southeast Asia service with Cheng Lie Navigation.