PT Pelabuhan Indonesia/Pelindo (Persero) recorded a net profit of IDR 3.9 trillion (audited) in 2022, which grew 23% compared to 2021 (YoY). Pelindo stated that this performance was one of the indicators of the outcome of the Pelindo merger in October 2021, which allows for synergy within the Pelindo Group entities through consolidation and optimization…
Terminal Teluk Lamong (TTL), a subsidiary of PT Pelindo Terminal Petikemas, welcomed the GREEN HOPE ship, which was agented by the MAP Trans Logistics and Arungi Khatulistiwa Nusantara (AKN) companies from the Principal VASI Shipping line docked at the international wharf, on Sunday morning (14/5). The new service, TCS or Thailand Chittagong Service, from Surabaya…
PT MPX Logistics International Tbk (MPXL) listed its initial listing on the Indonesia Stock Exchange (IDX) on Tuesday (9/5/2023). In its first trading session on the secondary market, MPXL shares opened, flying 34.26%, hitting the upper auto reject limit (ARA) to IDR 145. Its position remains as long as it is monitored in the first…
PT Salam Pacific Indonesia Lines (SPIL) provides a pay-later payment option for goods delivery transactions. As of May 2023, customers can enjoy the Send Now Pay Later feature through the mySPIL Reloaded application. t doesn’t have to be large. The Less Container Load (LCL) service available at SPIL makes it easier for traders and MSME players to…
French shipping group CMA CGM has committed to buy the logistics operations of family-run conglomerate Bollore for an enterprise value of 5 billion euros ($5.5 billion), the two companies said on Monday. CMA CGM granted the Bollore group an option to sell it the logistics business, which generated more than 7 billion euros in revenue last year and employs…
PT Pertamina International Shipping and a shipping company from Japan, Nippon Yusen Kabushiki Kaisha (NYK), are exploring the potential for green energy logistics business collaboration. Both parties have discussed cooperation in working on business potential and developing the latest technology, especially in CO2 transport. Then, the provision of LNG transport vessels, green fuel transport vessels,…
Risk of overcapacity, alternative fuel propulsion, scrapping rise, the end of the 2M alliance, and Spot rates attracting re-containerization are among the issues that influence the container shipping industry in the rest of the year and beyond. The global container market is facing a myriad of difficulties for the rest of the year as it…
The supply chain industry is hopeful of a better peak season this year and expects freight demand recovery in the Q2 of 2023, according to the recently published monthly container market forecaster for April by the online logistics platform, Container xChange. The container price sentiment index (xCPSI), a sentiment analysis tool by Container xChange that…
PT Samudera Indonesia Tbk (SMDR) posted service revenue of USD 207.66 million (Rp 3.05 Trillion) in Q1/2023, down 16.96% from USD 250.09 million (Rp 3.68 Trillion) in the same period last year Then. In its financial report as of the end of March 2023, Samudera recorded an increase in service fees from USD 149.86 million…
