Indonesian Political, Business & Finance News

The ocean shipping business

| Source: JP

The ocean shipping business

From Sinar Pagi

In the past there were three big shipping companies, Gesuri
Lloyd, Samudera Indonesia and Trikora Lloyd, owned by Adil A.
Nurimba, Sudarpo and Budiardjo. In the early 1980s Adil Nurimba,
alias Liem Eng Hay, was able to buy a number of container
transports of more than 10,000 deadweight tons.

Now their names have as good as disappeared from the world of
shipping in Indonesia. This is particularly true in the case of
Adil Nurimba who was once known as the king of shipping in
Indonesia. He no longer owns any ships. His two children, who
lack the ability to make the best of the prevailing situation and
conditions, are in charge of looking after foreign ships sailing
into Indonesia. At 73, it isn't easy for Adil Nurimba to conduct
business, especially considering his physical condition.

It is difficult for him to find business partners from Taiwan
and China. This is due to his financial position which makes it
impossible for him to work with foreign investors who prefer to
collaborate with entrepreneurs at the height of their power.

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