Activity in the Indonesian offshore industry has been picking up in the second quarter, with utilisation rates rising, however, charter rates have been under pressure due to intense competition, said Wintermar Offshore Marine in a press release.
The combination of Tanjung Priok Port in North Jakarta and the planned Patimban Port in Subang, West Java, will significantly increase Indonesia's port capacity and it could compete with Singapore, although they will have to cooperate with each...
Mermaid Maritime Public Company Limited has clinched two subsea contracts with a combined value of $4.6m, expanding into a new country in the Middle East and reinforcing its presence in Southeast Asia.
Dwell time at Indonesia's seaports has slid back to 3.6 days in the first half of 2017 from 2.9 days in late 2016, local reports said.
Indonesian state-owned port operator Pelindo III is planning to diversify into non-port related sectors in efforts to boost revenue, local media reported.
Global ports player DP World has signed an agreement to advise on the development of the Kuala Tanjung greenfield port and logistics zone and Belawan port in North Sumatra, Indonesia.