PELINDOPT Pelabuhan Indonesia
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"We believe it will further consolidate the excellent relations between the UAE, the Indonesian government and Pelindo 3 and take DP World's presence in the country to a new level," he added.
Inalum is rated higher on the parameter of financial implications of default relative to Pelindo III, while being assessed similarly on other factors.
Qatar Ports Management Company (Mwani Qatar) and PT Pelabuhan Indonesia I (Pelindo 1) have signed an MoU that aims to boost the exchange of best practices and experiences in the field of ports operation and management, as well as bolstering bilateral communication on investment, promotion and relevant innovative technologies.
Pelindo II's Baa3 issuer rating reflects: (1) its baseline credit assessment (BCA) of ba1, as a result of structural subordination; and
Pelindo II also has named Mitsui & Co the preferred bidder for the operation of the container terminal.
The North Sumatran port of Belawan is managed by Pelindo I and is one of the main ports in this area, which also includes the ports of Batam and Dumai.
Previously, Chandra Asri is also touted to collaborate with Pertamina, the National Iranian Oil Refining and Distribution (NIORDC), and Petrofield to develop the Bojonegara refinery (Banten Bay) project on PT Pelindo II-owned area.
Some of the company's notable achievements in 2007 include the rehabilitation of the Hartha & Najibiyah power stations in Iraq, the water supply to Pelindo ports in Indonesia, drinking water supply to Sharm el Sheikh in Egypt and the innovative reuse of water at The Palm, Jumeirah.
State Enterprises Minister Laksamana Sukardi named Abdulhaq Munawar as financial director of PT (Persero) Pelabuhan Indonesia II, which is known as Pelindo II and operates Jakarta's main container ports with Hong Kong's Hutchison Whampoa Ltd under a 20-year lease from 1999.
-- announce seven enterprises, including PT Pelindo II (ports infrastructure and management), PT Perkebunan Nusantara IV (palm oil plantation) and PT Jasa Marge (toll roads), to be privatized in fiscal 1998 by April 24, 1998 and divest them by March 31, 1999.
The EU diplomats also conducted a visit to the Indonesian Port PELINDO IV, to meet with port officials and members of the South Sulawesi Chamber of Commerce and Industry, as well as to observe the new direct lines that serve the incoming and outgoing consumer goods from and to the European countries in the perspective of the trade and investment opportunities to be opened by the EU-Indonesia Comprehensive Economic Partnership Agreement (CEPA), under negotiation.
PT Pelabuhan Indonesia II (Persero) (Pelindo II, BBB/Stable; standalone credit profile: BBB) is the largest container port operator in Indonesia.