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.
Indonesian shipbuilders once again renewed calls for state-owned enterprises (SOEs) to buy local ships, local media reported.
Privately owned Indonesian port operator Nusantara Pelabuhan Handal (NPH), which raised IDR308.6bn ($23.1m) from its initial public offering, started trading on the Indonesia Stock Exchange (IDX) on Thursday.
The Asean Ro-Ro Network initiative, will be kicked off with the opening of the Davao-General Santos-Bitung route for ro-ro vessels on 30 April, local media reported.