Home » Breaking News, Ports/Terminals » ICTSI in JV to operate Tanjung Priok terminal in Indonesia

Philippines-based International Container Terminal Services Inc. (ICTSI) has made a joint-venture deal with an Indonesian private port developer to operate the Adipurusa terminal at the Port of Tanjung Priok in Indonesia.

ICTSI’s local subsidiary, PT Karwell Indonesia, will co-manage its recently acquired facility with PT PBM Adipurusa.

“The joint operation arrangement forms part of the initial steps aimed at establishing a joint venture between PT Karwell and PT PBM,” ICTSI said in a regulatory filing.

The deal involves letting PBM Adipurusa use the loading and unloading equipment of Karwell in its port operations in Tanjung Priok.

“The said agreement pertains to a joint operation arrangement between the two companies whereby several container loading and unloading equipment owned by Karwell will be used in the area being operated by PBM Adiparusa in the port of Tanjung Priok, Jakarta,” said ICTSI.


Photo: ceiling


No comments yet... Be the first to leave a reply!

Leave a Reply

Your email address will not be published. Required fields are marked *

twelve − two =

Please support the site
By clicking any of these buttons you help our site to get better
Social PopUP by SumoMe
Copy Protected by Chetan's WP-Copyprotect.