Research and Markets: Indonesia Shipping Report Q4 2010

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/059ca7/indonesia_shipping) has announced the addition of the "Indonesia Shipping Report Q4 2010" report to their offering.

In early September expansion plans at Indonesia's main port, Tanjung Priok, appeared to be moving forwards with three consortiums vying for a US$110.98mn breakwater and dredging project that will serve as a foundation for the port's larger expansion project, which covers the development of four terminals. The project, which has been delayed for five years, was due to be awarded at the end of September 2010. The consortiums taking part in the tender are all made up of Indonesian and Japanese companies (Rinkai-Waskita, Penta Ocean-Wijaya Karya and Toyo-Adhi Karya), and the project is being funded by loans from the Japan International Cooperation Agency (JICA).

The breakwater and dredging project is the first step in a number of upgrades planned at Tanjung Priok, and will enable the port to cater for larger vessels, which is vital if it is to develop its role in the global shipping sector. The project will see the port's facilities widened to 300 metres (m), so that it can cater for vessels of 50,000 deadweight tonnes (DWT), and deepened from 12m to 14m. The dredging and breakwater project is just the beginning of what the authors believe is a concerted effort by the Indonesian port authority Pelebuhan Indonesia II (Pelindo II) to address the factors that see Tanjung Priok rank lower than its peers. The development of the port Tanjung Priok, with four new terminals planned, the first of which is due for completion in 2013, offers upside risk to their container throughput projection.

Indonesia's political and economic environment remains relatively supportive for the ports and shipping sector. To take the negatives first, it has to be said that the business environment in the country continues to be very poor, with corruption, bureaucracy and inadequate infrastructure remaining as long-standing problems. Against this, however there is quite a lot to be optimistic about. The administration of President Susilo Bambang Yudhoyono, due to remain in office until 2014, has brought a degree of economic reform and political stability; prospects for democratic continuity are good. Most importantly the country faces a period of strong economic growth (the authors estimate 5.2% GDP expansion in 2010, accelerating on the longer term towards 7% per annum). And in the sector-specific area, good prospects for commodity exports and import demand require development of Indonesia's ports, while the newly introduced Maritime Law requires an expansion of local shipping services.

Key Topics Covered:

Executive Summary
SWOT Analysis
Indonesia Shipping SWOT
Global Overview
Container Overview
Dry Bulk Overview
Liquid Bulk Overview
Industry Trends And Developments
Market Overview
Port of Jakarta (Tanjung Priok)
Overview
Terminals, Storage And Equipment
Expansions And Developments
Multi-Modal Links
Port of Palembang
Overview
Terminals, Storage And Equipment
Expansions And Developments
Multi-Modal Links
Industry Forecast
Tables
Companies Mentioned

For more information visit http://www.researchandmarkets.com/research/059ca7/indonesia_shipping

Contacts

Research and Markets
Laura Wood, Senior Manager,
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Source: Research and Markets