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.
Dwell time at Indonesia's seaports has slid back to 3.6 days in the first half of 2017 from 2.9 days in late 2016, local reports said.
Indonesian state-owned port operator Pelindo III is planning to diversify into non-port related sectors in efforts to boost revenue, local media reported.
Global ports player DP World has signed an agreement to advise on the development of the Kuala Tanjung greenfield port and logistics zone and Belawan port in North Sumatra, Indonesia.
Singapore’s KS Energy announced that it will recover around SGD20.3m ($14.8m) that it had previously paid for import duty and fine to the Indonesian customs, in relation to the importation of a jack-up drilling rig.
The Indonesian government plans to cut dwell time at the country's ports to less than two days from the current 2.9 days in the fourth quarter of this year and to reduce logistics costs through policies that provide support for logistics companies, local media reported.
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.