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shipping-industry

Seafaring nation
Editorial 3 years ago

Seafaring nation

The accident highlights the problems with Indonesia’s shipping industry, especially the traditional shipping sector.
LNG shipper GTS Internasional seeks $30 million from IPO
Business 4 years ago

PREMIUM
LNG shipper GTS Internasional seeks $30 million from IPO

The lion’s share of the funds, 64 percent, would be used to develop a floating storage regasification unit (FSRU) -- a ship that reconverts LNG into gas for distribution.
Riau Islands starts collecting anchorage fees amid pandemic slump
National 4 years ago

Riau Islands starts collecting anchorage fees amid pandemic slump

The province is poised to seize on opportunities at a time when anchorage space in Singapore and Johor Bahru in Malaysia is shrinking.
North Sumatra’s Kuala Tanjung seaport enjoys increased traffic despite pandemic
Business 5 years ago

North Sumatra’s Kuala Tanjung seaport enjoys increased traffic despite pandemic

The company’s president director Dani Rusli Utama said on Sept. 24 that the Kuala Tanjung Multipurpose Terminal (KTMT) had recorded 169 ship calls as of August, an increase of 30 percent year-to-date (ytd) from 130 calls booked throughout 2019.
Lack of return cargo from destination ports remains challenge for maritime highway
Business 5 years ago

Lack of return cargo from destination ports remains challenge for maritime highway

Cargo ships returning empty from destination ports is a core challenge for the government’s so-called maritime highway five years after the programs initiation.
Sea transportation sector suffers Rp 12.2t in first-half losses: ITS study
Business 5 years ago

Sea transportation sector suffers Rp 12.2t in first-half losses: ITS study

A Transportation Ministry webinar on Tuesday presented the findings of a study on the economic impacts of the travel ban during this year's Idul Fitri holiday season on the sea transportation sector.
INSA, economist cite unfair competition, call for review of govt's 'Tol Laut' program
Business 5 years ago

INSA, economist cite unfair competition, call for review of govt's 'Tol Laut' program

An industry association and a maritime economist have called for a review of the subsidized "Tol Laut" program at a government-sponsored webinar, citing market disruption and unfair competition.
Pelita Samudera sees H1 profits halve, secures $19.8m in contracts
Business 5 years ago

Pelita Samudera sees H1 profits halve, secures $19.8m in contracts

The contracts included a $3.3 million deal with state-owned mining holding company PT Indonesia Asahan Aluminium (Inalum).
Port operator Pelindo III records decline in ship traffic
Business 5 years ago

Port operator Pelindo III records decline in ship traffic

State-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.
When contractual obligations breached under pandemic
Opinion 5 years ago

When contractual obligations breached under pandemic

If a pandemic is not included as force majeure under the contract, it may raise a risk dispute in interpreting the circumstances categorized as a force majeure event.
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