Indonesia to invest US$2.47 billion to boost port's to 18 million TEU

INDONESIA Port Corporation (IPC), the largest port operator in Indonesia, is planning to invest US$2.47 billion in the development of Kalibaru Port, an extension to the existing Tanjung Priok Port in North Jakarta, Indonesia, according to UK's Port Technology International....

AIR ASIA Indonesia fly-thru service, Bandung-China

Air Asia Indonesia held a fly-thru service, linking Bandung with major cities in China. Bandung - China interconnection service which was launched two weeks ago it easier for passengers to fly to China, because it uses only one ticket although have to transit via Kuala...

Susi Air revenue target of IDR 240 billion

PT ASI Pudjiastuti Aviation, owner of Susi Air airline set a revenue target of IDR 240 billion, up 20% compared to last year's revenue of IDR 200 billion. This target is followed by the company's plan to issue bonds to meet capital expenditure in 2012 amounted to U.S....

MOL faces biggest loss in history, says CEO in gloomy birthday speech

MITSUI OSK Lines is facing its largest loss in history of JPY27 billion (US$0.32 billion) despite stable profits and cost-cutting the company has fallen into the red, said its president Koichi Muto at a 128th anniversary speech. Factors such as the strong yen, high...

GARUDA INDONESIA - The Best International Airline - in the WORLD

Garuda Indonesia was awarded "The Best International Airline" by Roy Morgan, Australia an independent international research institute which has been operating for 70 years. Determination of Garuda Indonesia as The Best International Airline was based on research conducted...

China COSCO posts 255pc loss of US$1.66 billion, boxes lose $1 billion

HONG KONG listed China Cosco Holdings has posted a loss of CNY10.5 billion (US$1.66 billion) in 2011, down 255 per cent year on year from a profit of CNY3.78 billion in 2010. Revenues were also down 12.3 per cent to CNY84.64 billion in 2011. Looking ahead, the company...