Indonesia's cabotage policy has been a success, according to officials as the number of locally flagged vessels doubled from 6,041 in 2005 when the policy was implemented to 12,536 as at July.
Malaysia-based offshore vessels builder Nam Cheong has entered into an agreement with Indonesia-based Bahtera Niaga Internasional (BNI) to jointly invest in a shipping firm in Indonesia.
Indonesian authorities look like they are at least attempting to put some organisation into building up the shipbuilding industry in Batam. A plan by the Agency for the Assessment and Application of Technology (BPPT) will establish a shipyard...
More controversy has erupted as the graft scandal which hit Indonesia’s energy regulator SKKMigas last week has led to the suspension of all oil, condensate and natural gas sell tenders as it reviews internal procedures, local media reported.
Indonesia's shipbuilders are unlikely to meet the government’s target of being able to build large vessels of up to 70,000 dwt, especially tankers, by 2015, local news reports said.
Global niche terminal operator International Container Terminal Services, Inc (ICTSI) has announced an 18% rise in first half profit to $82.9m.