As part of his ambitious bid to create a “maritime highway” across the archipelago, Indonesia’s president has bowed to pressure from overseas investors eased foreign ownership rules on its ports.
Foreign investors can now take majority control of ports in Southeast Asia’s largest nation, something many in shipping have been calling for for years.
Maersk, for one, has stated it is willing to invest billions in the country if foreign ownership restrictions are eased.
President Joko Widodo came to power promising huge maritime infrastructure development designed to link the country better together and make development more even across the huge nation.
Source: Splash 24/7
Source: Splash 24/7