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Pertamina, Pelindo II ink fuel storage deal

Fellow Indonesian state-owned enterprises (SOEs) Pertamina and Pelindo II signed a fuel supply deal that will see the port operator develop fuel terminal for the former at its new Kalibaru port in North Jakarta, local reports said.

Vincent Wee, Hong Kong and South East Asia Correspondent

June 2, 2015

1 Min Read
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The Pertamina terminal will consist of several facilities, including fuel storage for ships and other vessels, and will have a capacity of handling 500 metric tonnes of fuel and increase its storage capacity to 30-days worth from the current capacity of 18 to 20 days. However, no details have been revealed about the amount of investment needed to develop the terminal.

Pelindo expects to complete the first phase of its Kalibaru expansion project in 2017, adding 4.5m teu of capacity to the existing port. By 2023, the total capacity will surge three times from the current level.

About the Author

Vincent Wee

Hong Kong and South East Asia Correspondent

Vincent Wee is Seatrade's Hong Kong correspondent covering Hong Kong and South China while also making use of his Malay language skills to cover the Malaysia and Indonesia markets. He has gained a keen insight and extensive knowledge of the offshore oil and gas markets gleaned while covering major rig builders and offshore supply vessel providers.

Vincent has been a journalist for over 15 years, spending the bulk of his career with Singapore's biggest business daily the Business Times, and covering shipping and logistics since 2007. Prior to that he spent several years working for Brunei's main English language daily as well as various other trade publications.

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