#Shipping
Freeport Indonesia smelter progress reaches 27%
PT Freeport Indonesia (PTFI) has achieved 27% progress in developing its copper smelter in Gresik, East Java, as of March 2022. The smelter is Freeport's second smelter in Gresik following the government's requirement of special mining permit (IUPK) to enable the company operate in Indonesia until 2041.
Wintermar to purchase five second-hand vessels by 2022
Indonesian publicly listed shipping company Wintermar Offshore Marine Tbk allocated US$12.5 million for capital expenditures (Capex) in 2021-2022 to purchase five vessels.