Portek Expands Its Terminal Operations Portfolio Through The Acquisition Of PT. Dwipahasta Utamaduta In Jakarta, Indonesia
Portek Expands Its Terminal Operations Portfolio Through The Acquisition Of PT. Dwipahasta Utamaduta In Jakarta, Indonesia
26th December 2017
Portek International has expanded its portfolio of container and multipurpose terminals with the acquisition of 67% of the share capital of PT. Dwipahasta Utamaduta (“DHU”). DHU is currently one of the largest domestic port operators by volume of cargo in Tanjung Priok, Jakarta, handling more than 330,000 TEUs annually. The company currently serves Tanto Intim Line, one of the largest domestic shipping lines in Indonesia operating more than 50 container vessels domestically.
Together with PT. Transindo Interdwipantara which acquired 33% shares of DHU, Portek will now fully control the management and operation of the company.
DHU will be Portek’s biggest venture into the domestic terminal operations in Indonesia, a fast-growing market that is expected to grow by 6% annually. DHU currently owns a concession to operate Terminal 110 – 113 in Tanjung Priok, Jakarta with more than 600 metres quay, capable of serving 600,000 TEUs annually. With the stevedoring license and the 20-year concession held by DHU, Portek aims to transform the existing conventional operation into a fully modern and model domestic player in Jakarta.
The closing ceremony held on 12th December 2017 was attended by Transindo, Portek representatives and the previous shareholders as well as special guests such as Mr. Motoaki Uno, Managing Officer of Mitsui & Co., Ltd. and President Director & Chief Executive Officer of PT Mitsui Indonesia, who remarked in his opening speech, “Mitsui with its long history in Indonesia is confident that DHU will contribute to the improvement not only to Mitsui, but also on the national level.”
The signing of the deed on that day and the appointment of the new management mark Portek’s new foray into the business.
Mr Tsuyoshi Kamihira, CEO of Portek commented, “We are pleased to expand Portek’s terminal operations portfolio with the addition of DHU. We are confident that DHU, one of the largest domestic terminal operators in Tanjung Priok, Jakarta will become an integral part of Portek. We have brought in new management who will bring their international port operations and management expertise to the company. DHU will also tap onto Portek’s engineering expertise by collaborating with PT. Indo Log, an engineering subsidiary of Portek in Indonesia, to operate and maintain the modern equipment in the terminal.”
About Portek International Pte Ltd
Headquartered in Singapore, Portek is a global medium-sized terminal operator and port equipment engineering solutions provider, with offices in over 10 countries throughout Africa, Europe, Americas and Asia.
Portek is a subsidiary of Mitsui & Co., Ltd. of Japan, which is a veritable household name with about 140 years of history. Leveraging on Mitsui’s established global network, Portek is able to deliver enhanced knowledge and solutions in port business, as we combine Portek’s niche capabilities and “can-do” spirit with Mitsui’s resources.
For enquiries, please email to enquiry@portek.com.