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Jakarta Post

Indonesia's sea transportation suffers Rp 12.2t losses in H1

  • Mardika Parama

    Jakarta

Jakarta   /   Sat, September 19 2020   /  01:00 am
All quiet on the seafront: A lone man disembarks a ferry on Wednesday at Merak Port in Banten. The port has seen a 98.3 percent decline in passengers making the Sumatra-Java crossing for Idul Fitri this year. (Antara/Galih Pradipta)

A study by the 10 November Institute of Technology (ITS) in Surabaya shows that Indonesia's sea transportation sector has recorded Rp 12.2 trillion (US$821.9 million) in output losses in the first half of the year, due primarily to the drop in passenger demand as a result of government restrictions imposed to contain COVID-19 transmission. The ITS study evaluated the impacts on the sector from the Transportation Ministry’s ban on mudik (exodus) from April 24 to June 1 during the Idul Fitri holiday season. The ministry imposed the travel ban as part of the government's coronavirus response in an attempt to halt the disease's spread. Among the losses to the sector that the study attributed to the mudik ban are an estimated loss of Rp 862 billion for state-owned shipping company PT P...