Through the Ministry of Finance, the Government of the Republic of Indonesia continues to drive improvements in national logistics performance by implementing the National Logistics Ecosystem (NLE). In fact, NLE will be implemented at airports that serve both international and domestic, not only at seaports. Logistics business players who are members of the Indonesian Logistics…
Pelindo Subholding – PT Pelindo Multi Terminal (SPMT) – and Indonesia Stevedoring Companies’ Association (APBMI) continue to build up mutual principles on stevedoring activities, including the principles of health, safety, and environment protection (HSE/K3L). This agenda is to sustain their long-term collaboration as both understand that the future business will benefit from collaboration rather than…
Minister of Transportation Budi Karya Sumadi continues to encourage the collaboration of four countries, namely, Indonesia, Brunei Darussalam, Malaysia, and the Philippines, to improve logistical connectivity. This collaboration is expected to further strengthen economic competitiveness among the four ASEAN sub-regional countries within the Brunei Darussalam–Indonesia–Malaysia–Philippines East ASEAN Growth Area (BIMP-EAGA) cooperation framework. “Our passion is…
PT Jasa Armada Indonesia Tbk (IDX: IPCM) launched a tugboat at the PT Dumas Tanjung Perak Shipyards dockyard, Surabaya. The tugboat, KT IPCM Abimanyu V, has an investment value of IDR 68.9 billion with a minimum power of 2 x 2200 HP and is of the Azimut Stern Driven (ASD) type. Launching event by IPCM…
The transportation, logistics, and micro, small and medium enterprises (MSMEs) sector are significant driving industries for national economic growth, the Indonesian Logistics and Forwarders Association (ALFI/ILFA) has said. ALFI Chairman Yukki Nugrahawan Hanafi is optimistic about the sector growth this year (2023) in view of the government’s economic growth target. The government has projected that…
IPC Terminal Peti Kemas (IPC TPK) enjoyed yearly growth in throughput, revenue, and net profit last year (2022), exceeding its annual target. Thanks to some value-creation initiatives and cost-efficiency steps it has taken during the year. In its annual report released in a recent media gathering (January 24, 2023), IPC TPK reported that its throughput…
In a new quarterly report, the Hamburg-based ship finance platform, Oceanis, predicts ship financing costs for 2023. Executive summary: 2023 looks set to be a positive year for shipowners seeking finance. Shipping finance markets remain open, and banks seek opportunities to grow their portfolios, resulting in a highly competitive market. Strong earnings across sectors and…
