Search Results for: Indonesia

BY MARK ROWE
THE INDONESIAN government has awarded the country’s state logistics agency, Bulog, a license to import an extra 150,000 tons of sugar this year, in a bid to halt the dramatic increase in the price of sugar. A drastic sugar shortage has seen prices rise from 45 cents (US$) a kilo to 68 cents in recent weeks.…

BY KEITH NUTHALL
A BAND of pirates that hijacked a ship carrying aluminium ingots off Indonesia in 1999 has been convicted and jailed by an Indian court. The decision has been welcomed by the International Chamber of Commerce as a welcome and rare example of a country prosecuting piracy in international waters.…

BY MARK ROWE
IT is only four letters long but for a little word AFTA is having a big impact on the Malaysian tobacco industry. AFTA, the impending free trade block for south-east Asia, is forcing the Malaysian tobacco industry, widely regarded as having the most sophisticated (and expensive) leaf production and manufacturing infrastructure in the region, to radically overhaul the way it goes about its business.…

BY MARK ROWE
THREE Belgian-owned dredgers detained for nearly seven months by Indonesian authorities for alleged illegal sand mining in the Riau islands, south of Singapore, have finally been released. Dredging International – the owner of the Lange Wapper – and Jan de Nul – the owner of the Vasco da Gama and Alexander Von Humboldt – are understood to have agreed to pay fines demanded by Indonesian authorities for the release of their dredgers.…

Keith Nuthall
THE INTERNATIONAL Criminal Court (ICC) has welcomed the conviction of a band of pirates in an Indian court, as a welcome and rare example of a country prosecuting piracy in international waters. Seven-year labour camp sentences were handed down to 14 Indonesian pirates for hijacking the Japanese-owned Alondra Rainbow off Indonesia in October 1999, along with its aluminium ingot cargo.…

BY MATTHEW BRACE
WITH Australia sharing the front-line in President Bush’s war against terrorism with Britain and the USA, and also having witnessed its citizens dying in last year’s Bali nightclub terror attack, it is maybe not surprising that it has been tightening its money laundering legislation, especially as regards terrorists.…

BY KEITH NUTHALL
MALAYSIA has been awarded control of part of the Celebes Sea by the International Court of Justice, enabling it to control local oil and gas prospecting. The area surrounds the islands of Pulau Ligitan and Pulau Sipadan, off Borneo, which had also been claimed by Indonesia.…

BY MARK ROWE
PERTAMINA, Indonesia’s state oil company, has nominated South Korea’s Hyundai Heavy Industries Co to build two very large crude carriers as part of the company’s US$300m program to buy 12 new oil tankers to ship refined oil products.…

BY KEITH NUTHALL
WAY back when….last December….the International Maritime Organisation agreed a compulsory maritime security code for its member countries, covering ships and ports involved in international trade. Governments have to write the code into their laws by December 31 and shipping companies and port authorities are supposed to comply by June 2004.…

BY KEITH NUTHALL, PHILIP FINE and ALAN OSBORN

THE NEW International Code for the Security of Ships and Port Facilities, agreed by an International Maritime Organisation (IMO) Diplomatic Conference, held in London, aims at reducing the industry’s exposure to terrorist attacks and resulting damage.…