Phase 1 of Indonesia’s Kalibaru Port to cost $2.47 B

State port operator Pelindo II is increasing its investment in the Kalibaru Port project, with the first phase costing more than US$2 billion. The…

Indonesia port operator Pelindo II books 33% jump in net income

Indonesia’s state-owned port operator PT Pelabuhan Indonesia II (Pelindo II) achieved a 33 percent surge in net profit to IDR1.6 trillion (US$176 million) in…