Maersk downplays statement from Indonesian minister

The Maersk Group has been present in Indonesia for decades and the country is certainly interesting, says the group’s director in Indonesia, Jakob Friis Sørensen.

Maersk is downplaying statements made in Indonesian media suggesting that the major conglomerate is willing to invest billions in the Asian country in coming years, provided that the country changes it cabotage law.

The potential of the country is unmistakable, but Jakob Friis Sørensen, President Director for Indonesia, does not wish to comment on whether or not such investment plans are actually on the table:

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
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

MPC upgrades 2022 guidance after strong first half

MPC Container Ships reports continued advancement inQ2, raising guidance for its operating result to almost half a billion dollars. High rates will continue for several quarters yet, the company expects.

Norden books "fantastic" second-quarter result

Product tanker and dry bulk company Norden bags a result for the second quarter that the carrier itself describes as ”fantastic.” CEO Jan Rindbo says this is due to the ”exceptional” product tanker rates, according to a financial statement.

Odfjell exits second quarter with best result in 15 years

Chemical tanker carrier Odfjell books its best quarterly result since 2007 following years of seeing a squeezed market, and the company expects the positive trend to continue in the third quarter. Odfjell also scales back its pool fleet by 14 ships. Updated.

Further reading

Related articles

Latest news

See all jobs