{"id":71757,"date":"2023-06-26T00:00:00","date_gmt":"2023-06-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/06\/26\/dp-world-to-help-double-capacity-at-indonesias-belawan-new-container-terminal\/"},"modified":"2023-06-26T00:00:00","modified_gmt":"2023-06-26T00:00:00","slug":"dp-world-to-help-double-capacity-at-indonesias-belawan-new-container-terminal","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/06\/26\/dp-world-to-help-double-capacity-at-indonesias-belawan-new-container-terminal\/","title":{"rendered":"DP World to help double capacity at Indonesia\u2019s Belawan New Container Terminal"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.dpworld.com\/\" style=\"\">DP World<\/a><\/span><span style=\"font-weight:700\"> will help expand and \u201cmodernize\u201d Indonesia\u2019s Belawan New Container <\/span><span style=\"font-weight:700\">Terminal (BNCT)<\/span><span>, as part of a consortium with<\/span><span> Indonesian sovereign wealth fund <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ina.go.id\/\" style=\"\">Indonesia Investment Authority<\/a><\/span><span> (INA), which has partnered with Indonesia state-owned port operator <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/pelindo.co.id\/\" style=\"\">Pelindo<\/a><\/span><span>, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/mediaoffice.ae\/en\/news\/2023\/June\/23-06\/DP-World-signs-deal-to-double-capacity-at-Indonesia#:~:text=Jakarta%2C%20Indonesia%2C%2023%20June%202023,and%20begin%20a%20major%20expansion.\" style=\"\">Dubai Media Office<\/a><\/span><span> statement. <\/span><span style=\"font-weight:400;\">The agreement comes to enhance Indonesia\u2019s maritime infrastructure and drive growth to Indonesia\u2019s economy. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The details: <\/span><span>The agreement will see DP World expand the terminal \u201cin the long term\u201d to 1.4 mn TEUs, up from 600k TEUs currently, the statement said, without disclosing the exact timeline or value of investments involved<\/span><span style=\"font-weight:400;\">. The agreement also aims to attract more direct calls to the terminal, reducing reliance on regional hub ports and expanding access to regional and global markets, the statement said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Boosting connectivity is also part of the agreement: <\/span><span>DP World is also set to work with its partners to connect other terminals and small ports on Sumatra, as part of a wider goal of reducing container logistics costs within Northern Sumatra, the statement said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">What they said:<\/span><span style=\"font-weight:400;\"> BNCT \u201cwill play a key role connecting value chains to export markets,\u201d and will \u201cmaximize exports, support downstream industries, and accelerate the economy in North Sumatra, which continues to grow,\u201d Indonesia\u2019s State Owned Enterprises Minister Erick Thohir said. \u201cThis agreement will be a catalyst for the further development of the BNCT as a world-class, connected, and fully integrated container terminal that will strengthen the national port industry ecosystem,\u201d Thohir said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">About Pelindo:<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.pelindo.co.id\/\" style=\"\">Pelindo<\/a><\/span><span> is the largest port operator in Indonesia, and is aiming to grow the national maritime ecosystem through enhancing connectivity and service integration to support economic growth, according to a separate <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/6\/1242.pdf\" style=\"\">statement (pdf)<\/a><\/span><span>. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Background:<\/span><span> This agreement comes as a continuation of a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.dpworld.com\/news\/releases\/indonesia-investment-authority-and-dp-world-partner-to-invest-75-billion\/\" style=\"\">previous USD 7.5 bn agreement<\/a><\/span><span> signed between DP World and INA to enhance Indonesia\u2019s maritime and port infrastructure by improving their operations, and reducing logistics costs.<\/span><span style=\"font-weight:400;\"> Under the agreement, DP World and INA planned to form a consortium and working team to explore investments into the logistics infrastructure in Indonesia, including hinterland investments, inland terminals, cargo parks, feeder network systems, landside transport, and industrial zones. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The agreement will see DP World expand the terminal \u201cin the long term\u201d to 1.4 mn TEUs, up from 600k TEUs 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