The Indonesian port operator, PT Pelabuhan Indonesia III (Pelindo III) will buy 11 automated rubber-tyre gantry cranes to increase capacity at Tanjung Emas container terminal in Semarang, Central Java for US$24.48 million.
The Finnish Konecranes, financed by internal cash, will allow the terminal to handle 800,000 TEU within the next five years with delivery in 2015 and full operation by year-end, reports the Jakarta Post.
The purchase of the RTGs will support growing volumes up nine to 10 per cent year on year at 498,717 TEU in 2013 from 457,152 TEU in 2012. The new RTGs represent an operational cost saving of up to 40 per cent.
The port operator is to expand the terminal dock by 105 metres and its container yards by 5.4 hectares with 11 new cranes installed at the new container yards. Two RTGs will be placed in the new dock by April 2015.
Financing comes from $500 million in bonds as well as a Credit Suisse and Deutsche Bank London loan of $121 million.
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