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 retailers have no idea how to gain access to President Joko Widodo's much vaunted maritime highway programme, somewhat negating its utility, local media reported.
Indonesian state-owned line Pelni will spend IDR500bn ($37m) on purchasing six secondhand feeder container vessels in support of President Joko Widodo's maritime highway scheme.
The Indonesian government has opened the much awaited tender process for the IDR13.7trn ($1bn) construction of the Patimban Port in Subang, West Java, local media reported.
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...
APL is launching a new Korea – China – Southeast Asia service with Cheng Lie Navigation.
The littoral nations of Singapore and Malacca Straits (SOMS) have signed an agreement for phase two of a hydrographic survey of the busy waterway.
DP World is to quit Indonesia’s second largest port – Surabaya – after its current contract comes to an end in 2019.