Terminal Teluk Lamong (TTL) has won the 13th BUMN Ministry (Ministry of State-Owned Companies) Award as the Best Corporate in Implementing Green Port among the BUMN subsidiaries. This shows the company’s strong commitment to implementing environmentally friendly and sustainable business practices. This award is provided to state-owned companies that have demonstrated extraordinary achievements and innovation…
In “Facing a Challenging Market with a Customer-Centric Strategy,” Yulia Ningrum, S.E., Director of PT Link Pasipik Indonusa, unveils the secrets behind Link Pacific Logistics’ triumph amidst a turbulent logistics landscape. As the market grapples with dwindling volume and freight rates, Yulia reveals the pivotal role of a customer-centric strategy in their success. The edition…
We will soon come to a new year in 2024. Reflecting on the current condition, the logistics and transportation (shipping) businesses next year will mostly stay the same from this year (2023). The market volume will grow slowly, while the freight rate will be steady, even lower than in 2023. 2024 is set to be…
President Director Bani Maulana Mulia shares the key strategies that have enabled Samudera Indonesia, a business conglomerate in the transportation and logistics sector, to maintain a leading position in the industry for 74 years. The company, with a multi-billion dollar valuation, operates in six business lines, including logistics, shipping, ports, shipyards, property, and services. The…
We have just passed three-quarters of the shipping business this year with a slower performance. Reports indicate that the performance of container shipping in 2023 was significantly lower than in 2022. This conservative situation is predictably expected to continue into next year (2024). The shipping business in 2024 will rely on several determinants or dominant…
PT Pelindo Multi Terminal (SPMT) has today announced the results of the Annual General Meeting (AGM) held on November 7, 2023. The AGM’s decision includes changes in the company’s Board of Directors, which will bring significant leadership changes to the company. In this decision, Rizki Kurniawan has been appointed as the Director of Strategy &…
Efforts to reduce logistics costs in Vietnam are deemed crucial for enhancing the country’s economic competitiveness, as reported by the Vietnam News Agency, according to The Star. The Vietnamese government, along with ministries, sectors, and local authorities, has set the reduction of logistics costs as a significant goal. Deputy Minister of Planning and Investment, Tran…
BIMCO, highlights the trends and challenges in the shipping industry related to the age and renewal of container ships. In August 2010, the average age of ships reached a low of 9.9 years. However, despite the delivery of 2,516 new ships and the recycling of 1,384 others, this hasn’t been sufficient to keep the average…
Embark on a captivating narrative that unfolds the remarkable transformation of Terminal Teluk Lamong (TTL), East Java’s dynamic container terminal. From its inception in 2014, TTL has been a beacon of innovation, offering a cutting-edge and eco-friendly port experience to shipping and cargo owners alike. Under the leadership of David Sirait, TTL navigates challenges with…
Our logistics cost has reportedly decreased by 40% in the last five years. Now, the National Development Planning Agency (Bappenas) claims that our logistics is only 14.29% of our GDP (gross domestic product). This is certainly good news for us, considering that our logistics cost has long been stigmatized as high, one of the highest…
