Asian Bulk Logistics (ABL) is seeking to expand its horizons beyond the Indonesian market to develop a global bulk shipping fleet.
JAKARTA (infolog): The Jakarta-based shipowner and operator that provides integrated logistics and transportation solutions for the mining and commodities industry, is to initially invest in Cargo Transfer Ships and barges to increase its service offering in the Indonesian coal sector.
ABL’s President Director, Ika Bethari, remarked: “We see many opportunities in the bulk shipping sector, our roots are in Indonesian coal mining, so it is natural for us to operate and manage our own Cargo Transfer Ships and expand our fleet of barges to better serve our customers in the local mining sector.”
ABL’s Deputy CEO, Captain Pappu Sastry, added: “The company’s goals are to develop ship owning, logistics and shipping concepts. We will also provide logistics support by utilising our owned and chartered fleet of vessels within Indonesia.”
Indonesia recently reiterated a ruling essentially declaring a cabotage rule on coal, among other key commodities.
The company is laying the foundations to become a top-quality shipping and logistics player and has received a national long-term rating of ‘BBB (idn)’ from Fitch one of the largest credit rating agencies worldwide. (drybulkmagazine.com/ac)