Indonesia: Pelindo II on Growth Track
The Indonesian Port Corporations (Pelindo II) has recorded a 42 percent increase in revenues to US$136.08 million in the first quarter of this year, reports thejakartapost.com.
In the first three months, the company posted Rp 513 billion in net profits, or up by 46 percent from Rp 351 billion in the same period last year.
“Container traffic at our largest port, Tanjung Priok, rose 13.6 percent to 1.4 million 20-foot equivalent units (TEUs) in the first quarter this year. We will invest more to help energize the trade,” president director Richard Joost Lino said.
Lino said that this year alone IPC’s expenditure on improving all of its 12 ports would reach Rp 4.3 trillion.
During the first semester, they spent Rp 357 billion or equal to 8.3 percent of the total investment in projects such as adding more gantry luffing cranes and a container terminal in Tanjung Priok, improving Pontianak Port in West Kalimantan, constructing a coal stock pile container in Jambi Port and dredging Bengkulu Port.
“We’ve invested a lot to improve port facilities and services that will help the country reduce its logistics costs,” he added.
Last year, the Pelindo II booked Rp 4.46 trillion in revenues, a 48 percent increase from Rp 3.01 trillion in 2010 while their net profits rose 33 percent from Rp 1.25 trillion to Rp 1.6 trillion in 2011.
Dredging Today Staff, May 25, 2012;