Video: The New Priok Container Terminal One

By MarEx 2016-09-22 23:24:04

A video has been released showing Indonesia’s New Priok Container Terminal One.

The terminal was inaugurated on September 13. On the occasion, Indonesia’s President Widodo urged state-owned Pelindo II, the developer and operator of the New Priok Port, to speed up development of the mega-project and - in case the company has difficulty financing the project – to seek cooperation with the private sector.

The new port is expected to greatly boost to Indonesia's competitiveness in seaborne trade, as the new terminal adds 1.5 million TEUs to the port's existing seven million TEUs annual capacity.

The new terminal has eight cranes that can move 30 containers per hour and berths that can dock ships with a draft of 16 meters. This will allow the port to accommodate vessels carrying 10,000 TEUs from Europe and East Asia. In the long term, local authorities believe Jakarta will become the key hub for sea transportation in Southeast Asia, a position currently held by Singapore.

Dwell time at Tanjung Priok is now between 3.2 and 3.7 days (down from over days two years ago). After the project is is completed, Widodo expects dwell time to drop to two days. This will help push logistics costs down in Indonesia. Currently, logistics costs are about 2.5 times higher than neighboring countries.

Phase one of the New Priok Port is anticipated to be completed by 2019 and will consist of three new container terminals and two goods terminals.