The vehicle port handling unit of Indonesian state-owned port operator Pelindo II, Indonesia Kendaraan Terminal (IKT), is planning a listing aiming to raise at least IDR1trn ($71.5m) mainly for capital expenditure and to pay for long-term land leases.
Indonesian state-owned port operator Pelindo II is planning to develop a new port at Pantai Kijing to serve Kalimantan as the current Pontianak Port in West Kalimantan suffers from heavy siltation as well as has limited scope to expand due to space constraints.
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.
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.
Fears of a monopoly on port services in Indonesia have prompted the Indonesian Port Operators Association (IPOA) to challenge a Transportation Ministry plan to hand over government-controlled ports to state-owned operators, local reports said.
Indonesian state-owned port operator Pelindo II has finally declared it plans to start full operations of its long-delayed container terminal at New Priok Port in North Jakarta on 15 July, local reports cited a director as saying.
With the political outlook getting a little clearer and an impending change of government, Indonesian port operator Pelindo II is asserting itself more by requesting a review of regulations requiring seaports to cease the use of US dollars in transactions with customers, local report said.