On Monday, China announced that it would raise tariffs on $60 billion worth of American exports and the U.S. formally began the process to implement tariffs on an additional $300 billion in Chinese-made goods, raising fears that the trade war between Beijing and Washington could escalate sharply. The Chinese announcement was a reaction to a … Read moreChina Imposes Retaliatory Tariffs on $60B Worth of U.S. Goods
On Sunday, U.S. President Donald Trump accused China of moving too slowly on trade talks, and he threatened to raise existing tariff on $200 billion worth of Chinese exports by an additional 15 percentage points by the end of the week. “For 10 months, China has been paying Tariffs to the USA of 25% on … Read moreTrump Threatens Steep Tariff Hike on Chinese Goods
On Sunday, Indonesia’s fisheries ministry lined up and sank 51 confiscated fishing boats as part of its ongoing effort to combat illegal poaching by foreign fishermen in the Indonesian EEZ. Indonesian authorities carried out the sinkings at five ports across the island nation. The renewed use of this assertive tactic reflects recent tensions with Vietnam’s coast guard and commercial fishing … Read moreMinister Susi Pudjiastuti Sinks 51 Confiscated Fishing Vessels
The container shipping sector has seen a massive consolidation wave over the past few years, reducing the number of carriers considerably. It is estimated that by 2021, 75% of the global containership fleet will be owned by only seven top-tier liner companies, compared to 37% in 2005. Further consolidation in the sector through mergers and … Read moreIn Depth: Nixon: Consolidation in Container Shipping Getting More Challenging
State port operator PT.Pelabuhan Indonesia II/IPC has adequate potencies and resources to be a world class icon in port business, according to a port and logistics business practioner and observer. To Indonesia Shipping Gazette, Wisnu Waskita, who is also an executive of logistic company PT Tata Waskita revealed this, but called for support from many … Read moreEncouraging IPC to a World Class Port Business Icon
A two-part maritime exercise by the 10-member Association of Southeast Asian Nations (ASEAN) and its partnering countries is slated to start in South Korea’s port city of Busan this week, the country’s Navy said on Sunday. The exercise aims to counter maritime crime, including illicit transactions of weapons and other banned items, according to Yonhap News Agency. The drills are scheduled … Read moreSouth Korea set to hold ASEAN maritime drills
ReCAAP has published its 1st Quarter Report 2019, available here. Its Executive Summary states: A total of 10 incidents of armed robbery against ships (comprising nine actual incidents and one attempted incident) were reported in Asia during January-March 2019 compared to 21 incidents (comprising 15 actual incidents and six attempted incidents) during January-March 2018. This accounts … Read moreReCAAP Q1 2019 Report on Piracy and Armed Robbery Against Ships in Asia
*Signing the MoU: Herman Savio, Bank Danamon Treasury and Capital Market Head (left) and, Yukki Nugrahawan Hanafi, ALFI Chairman (right) Indonesia Logistics and Forwarding Association (ALFI/ILFA) today, January 29, signed Memorandum of Understanding (MoU) with Indonesia’s Bank Danamon on Strategic Partnership for Logistics and Port Solutions. The MoU is expected to be a basis for … Read moreALFI, Bank Danamon MoU on Strategic Partnership for Logistics Solutions
Batam industrial market are focusing their service to the export market at the moment. However, with the development of Indonesia, domestic market also develop as well. Batam Concession Agency’s (BP Batam) Chief, Edy Putra Irawady estimate that there aremore than 250 million consumer from domestic market. With such potential market, Edy aims to fulfil the … Read moreBATAM AIMS TO FULFIL NATIONAL MARKET DEMAND
2018 seems to be a very good year for IPC. In 2018, 2 branches of IPC was awarded ‘The Best Indonesia Port Company & Services Excellent of The Year’. The awarded branches are Panjang and Palembang branch. The awards were given in ‘Indonesia 50 Best Companies Award’ held by Indonesia Achievement Center. IPC Panjang received … Read moreIPC CROWNED AS THE BEST IN 2018
