Djakarta Llyod Gears Up for Bulker Acquisition


Indonesia’s state-run company, Djakarta Llyod is expected to purchase a bulker soon, after a hiatus of three years. The company had recently failed to buy a Japanese Supramax bulker Leo Advance, however, sources said that it is eyeing a bulker tonnage purchase.

According to sources, Djakarta Llyod tabled a bid of USD 12.6m for the 54,000 dwt Leo Advance, but the negotiations failed with the vessel’s owner, Tokei Kaiun Kaisha. The vessel is expected to be re-circulated for sale this month.

The Indonesian company came close to bankruptcy in 2014. Best known as a container feeder operator, Djakarta Llyod, focused on domestic logistics, feeder ships and coal shipments through chartered tonnage.

Sea News, November 14

Baibhav Mishra
Author: Baibhav Mishra

Associate Editor, Sea News