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…
The Indonesian Ambassador to Indonesia and Liechtenstein, Muliaman Hadad, together with the Minister of Cooperatives and SMEs, Teten Masduki, witnessed the inauguration of the establishment of the Indonesia Trading House (ITH) at the Pasar Indonesia store, Aargau, Switzerland, on 21 January 2022. The inauguration was also attended by Yukki Nugrahawan Hanafi (Deputy General Chair Coordinator…
The Statistics Indonesia (BPS-Central Bureau of Statistics) announced that Indonesia’s December 2022 export value reached US$23.83 billion, down 1.10 percent compared to November 2022 exports. Compared to December 2021, the export value increased by 6.58 percent. December 2022, non-oil and gas exports reached US$22.35 billion, down 2.73 percent compared to November 2022, while up 4.99…
The Indonesian Chamber of Commerce and Industry (Kadin) fully supports the Brunei Darussalam, Indonesia, Malaysia, Philippines East ASEAN Growth Area (BIMP-EAGA) Maritime 2023 event. The event will be held by PT Pelabuhan Indonesia (Persero) or Pelindo from 21-23 February 2023 at the JW Marriott Hotel, South Jakarta. Deputy Chairperson for International Relations at Kadin, Bernardino…
Nearly half of the vessels in Indonesia are old or more than 15 years old. Currently, there are 80,000 registered vessels. Reported from Ocean Week, out of a total of 80,000 vessels throughout Indonesia are fishing vessels, and around 20,000 to 30,000 are commercial vessels. Because of that, investment is needed to revitalize old vessels…
Maersk has made several changes in its organizational structure and executive leadership team, following the appointment of new CEO Vincent Clerc who took the company’s helm on 1 January 2023. Changes will be effective 1 February 2023 “The business has executed well during the past years, and we have a highly engaged and competent global team ready…
Full year 2022 data points for the international shipping industry have been released by Clarksons Research. Reviewing the data, Steve Gordon, Managing Director of Clarksons Research commented: The ClarkSea, our overall day rate charter index covering seaborne transportation (tankers, bulk carriers, containerships and gas carriers together representing over 80% of global shipping capacity), increased 30%…
While multipurpose vessel (MPV) rates are expected to soften through 2023, the rate of decline is expected to be less than in competing sectors such as containerships and handysize dry bulk carriers, according to the latest forecasts from Drewry’s Multipurpose Shipping Forecaster report. Last year started with charter rates in all three main dry cargo…
China’s increasingly extreme Covid-19-zero policies are standing in the way of a full recovery for the shipping industry and prolonging a crisis that has snarled ports and emptied shelves worldwide. In its attempts to keep the coronavirus out, China has continued to prohibit crew changes for foreign seamen and recently imposed as long as a seven-week…
