Shipping performance in the first half (H1) seems negative growth. The market is still uncertain in the second half of this year, though BIMCO (Baltic and International Maritime Council) expects a recovery. Global container volumes in the first half of 2023 show negative growth as head-haul and regional trade lanes have not yet recovered from…
There are indicators that the demand for global containerized trade will slow down this year. Data in the first half of 2023 has said it. Coming to the second half, the condition is still uncertain. There is no sign of demand increase. On the other hand, supply is expected to increase significantly this year and…
After the pandemic slumped (2021) and entered the economic recovery period (2022), almost all businesses with their strategies are trying to rise. As a result, most business sectors can grow and generate profits, especially the logistics business. This is similar to what has been done by one of the railroad-based logistics companies, PT Kereta Api…
Nowadays, the use of more than one mode of transportation in delivering cargo has been a choice. The practices make the terms intermodal and multimodal familiar and further. It has been a choice for doing business. Many have declared themselves as multimodal (intermodal) operators. KAI Logistik (Kalog), as we write in our cover story, basically…
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…
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…
