The Jakarta Post
State-owned port operator Pelindo III has expressed its interest in becoming the first local firm to operate a port abroad, with a possible tie-up with Dubai-based port and logistics firm DP World.
The two companies are set to end their cooperation contract for the Surabaya Container Terminal by April 2019, on account of the mismatched contract renewal terms between DP World and Indonesian authorities.
Located on the northern shore of East Java, the terminal is partially owned by DP World with a 49 percent stake and Pelindo III as the majority owner with 51 percent.
Pelindo III president director I Gusti Ngurah Askhara Danadiputra said the contract termination, which would cost Rp 1 trillion (US$69.4 million), did not mean that its cooperation with DP World would end.
It might instead open up possibility for the two companies to conduct a share swap between a ...