Maersk dangles millions in front of Indonesia

Maersk is willing to invest up to USD 3 billion in Indonesia, on the condition that the country changes its shipping laws, a number of Asian news sites report.

Photo: Maersk Line

Maersk is ready to invest up to three billion dollars in Indonesia. But the investments will only be made if the country abolishes its cabotage law put in place to protect its own carriers.

According to news site Splash247, Maersk has told Indonesia’s State-Owned Enterprise Minister, Rini Soemarno, that the group is willing to invest the USD 3 billion over the next five years.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Several factors explain the plummeting dry bulk rates

Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.

Further reading

Related articles

Latest news

See all jobs