The paradox of the Straits of Malacca and modern container shipping is that despite the potential high volumes, and while terminal operators are always looking for alternatives to the established main ports of Singapore, Port of Tanjung Pelepas (PTP) and Port Klang, most of the major lines have already anchored themselves at one of the three and are unlikely to move without a sufficiently good reason.
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 state-owned port operator Pelindo III has allocated at least IDR1trn ($72.4m) to revamp seven seaports in the country’s eastern region, according to local reports.
Indonesian state-owned port operator Pelindo IV has signed an agreement with state construction firm PT Pembangunan Perumahan (PTPP) to begin the first phase of development of the Makassar New Port in South Sulawesi, local reports said.
Indonesia's port infrastructure projects are moving apace with local media reporting that state port operator Pelindo I has been given IDR5.05trn ($384.9m) worth of loans from three state banks to finance the development of its new port and terminal.
Indonesian state-owned port operator Pelindo is reportedly making preparations for repairing 24 ports in eastern Indonesia to accelerate the implementation of a sea-toll construction project initiated by newly inaugurated President Joko Widodo, local media said.
Indonesia's Pelindo II is struggling with internal conflict and an imminent strikes at its main Tanjung Priok Port, local news reports said.