Building Synergy to Synchronize Business Challenge and Opportunity

April 02, 2018

Coming to establishment year and toward its vision to digital port, PT Pelabuhan Indonesia II/IPC continuously builds synergy with all port users and stakeholders. Some meetings to build synergy and to socialize some programs, including the programs in realizing the digital port have been conducted.…See Details...

Sinokor, Heung-A to Unify Liner Shipping Services in Asia

April 02, 2018

South Korea’s mid-sized liners Sinokor Merchant Marine Co. and Heung-A Shipping Co. agreed to merge their container shipping services by next year to rationalize operations ahead of joining up with bigger Hyundai Merchant Marine. The two companies would sign the deal on April 3, according to the Ministry of Oceans and Fisheries and the Korea Shipowners’ Association on Wednesday. The Korea Shipping Partnership (KSP), an alliance of 14 liner operators, was launched last August under state sponsorship to restore Korea’s maritime status following the collapse of Hanjin Shipping, which had been Korea’s flag sea carrier and the world’s seventh largest shipping line…See Details...

Hapag-Lloyd Triples its Operating Result in 2017

March 30, 2018

The German-based container shipping company also recorded a positive group net result of around $39 million (€32 million). Based on the audited figures, earnings before interest, taxes, depreciation and amortization (EBITDA) increased significantly to $1.3 billion (EUR 1.055 billion) (2016: $748 million (€607 million)). Transport volume increased significantly by 29% to 9.8 million TEU (2016: 7.6 million TEU), driven by the merger with United Arab Shipping Company (UASC) and a healthy underlying organic volum…See Details...

​IMLOW Appreciates Toll Tariff Reduction for Logistics Transportation

March 28, 2018

Logistics business stakeholders, including logistics players, related business players, and logistics observers appreciated the government policy to reduce toll tariff, expecting it to help a more competitive national logistics cost. Maritime and logistic expert and observer from Indonesia Maritime, Logistic & Transportaion Watch (IMLOW) Achmad Ridwan Tento said the government plan to cut toll tariff would encourage the logistics business climate in the country. …See Details...

Asian Ports Face $49BN in Climate Change Costs

March 28, 2018

​Protecting Asia-Pacific ports against climate change could cost up to US$49 billion, according to new research commissioned by HSBC from sustainability analysts Asia Research and Engagement (ARE). The report Climate Costs for Asia Pacific Ports evaluates the climate risk of 53 of the Asia Pacific region’s largest ports and estimates costs for adaptation. It also outlines recommendations to investors, port authorities and governments for how to manage risk in the future.…See Details...

JICT Gives a Role Model in CSR New Approach to Community Empowerment

March 28, 2018

​Jakarta International Container Terminal has changed perspective and approach in corporate social responsibility (CSR) program, from charity to community empowerment. This means that the CSR will not help people with pouring a mount of cash money, but rather empowering people from any groups, from children to productive group. "We have actually running the CSR programs using this perspective and approach for the last ten years. Our focus was how we empower people in facing the future challenge," said Riza Erivan, JICT Vice President Director on the public expose CSR, relating "PAUD (pre-school) development for North Jakarta at Islamic Center, Tuesday, March 27. …See Details...

Abu Dhabi Ports, China Council Sign Trade Agreement

March 27, 2018

The MoU aims to explore new business opportunities at KIZAD and KPFTZ Abu Dhabi Ports inked a new agreement with the China Council for the Promotion of International Trade to explore new commercial opportunities between Chinese companies interested in investing in Khalifa Industrial Zone Abu Dhabi (KIZAD) and Khalifa Port Free Trade Zone (KPFTZ), which is considered the largest free trade zone in the region.…See Details...

ZIM Hits All-Time Container Record

March 26, 2018

Israel-based carrier ZIM has reported an all-time record of containers carried in its financial results, with 2.6 million TEUs, achieving an increase of 8% compared to 2016. Its quantities increased by 12% to 685,000 TEU in Q4 2017, compared to 613,000 TEU in the same period of 2016. The thirteenth largest container shipping company by vessel capacity stated that 2016 to 2017 produced a “positive trend in the industry with improved freight rates”, which supported the industry’s structural changes as mergers and acquisitions led to the reorganization of global alliances.…See Details...

Wan Hai Lines to Launch New China to Vietnam Service

March 23, 2018

​Wan Hai Lines Ltd. announced earlier today its plan to expand its existing service network between China to Southeast Asia by launching a new weekly service from South China to Vietnam on 29th March 2018.​ The service, named CV3, will be operated with 2 vessels with an intake of 1,200 TEU. Wan Hai Lines shall deploy 1 vessel while its partner COSCO Shipping Lines Co., Ltd. will operate the other vessel. …See Details...

TPK Koja Unions Unify For Solidity to Face a Tighter Terminal Competition

March 20, 2018

The decision, according to Chairman of SPB Farudi, is a historical decision to strengthen solidity of the TPK Koja workers, thus supporting a solid human resources to face a more tighter competition among terminals at Tanjung Priok. "This proves that all workers are solid and hand in hand to struggle for better workers' welfare. And this also proves that all are under the same commitment to build competitiveness to anticipate competition among terminals at Tanjung Priok," said Farudi. …See Details...