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View all search resultsState-owned port operator PT Pelabuhan Indonesia (Pelindo) III has recorded a decline in ship traffic in this year’s first half as the COVID-19 pandemic disrupts global trade and decimates the sea freight and logistics industry.
The Indonesian Port Corporations (IPC), also known as state-owned port operator PT Pelabuhan Indonesia II, announced on Wednesday the start of the construction of Pantai Kijing Port in West Kalimantan, which is projected to begin operation in the third quarter of 2019.
State-owned port management company PT Pelindo III will issue global bonds worth US$1 billion to fund several development projects, including the construction of the overpass to the Teluk Lamong terminal in Surabaya, the deepening of the Benoa port pond in Denpasar, Bali, and the construction of the Gili Mas quay at the Lembar port in Lombok, West Nusa Tenggara (NTB).
State-owned port management company PT Pelindo III wants to expand beyond its core business as part of its efforts to increase revenues this year to Rp 2 trillion (US$150 million), above its initial target of Rp 1.65 trillion.
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