Mitsui & Co, Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Masami Iijima), jointly with PT. Pelabuhan Indonesia II (Persero) ("IPC"), PSA International Pte Ltd ("PSA") and Nippon Yusen Kabushiki Kaisha ("NYK Line") have agreed to participate in the construction and operation of a new container terminal at Tanjung Priok Port, Jakarta, Indonesia. This new terminal will be developed and operated by the newly established project company PT New Priok Container Terminal One ("NPCT1").
The Republic of Indonesia has in recent years experienced dramatic economic growth accompanied by a rapid increase in container traffic. Jakarta's Tanjung Priok Port is the most important and largest port in Indonesia, handling the majority of Indonesia's international container traffic. To support the vibrant trade, there is an immediate need to increase the port capacity and handling capability.
The new terminal will have an annual handling capacity of approximately 1.5 million twenty-foot equivalent units ("TEU"s) of containers, an overall berth length of 850 metres, and a 16-metre draft upon completion, allowing the terminal to accommodate the advanced mega container vessels plying the oceans today.
NPCT1 will also pursue the efficient reduction of emissions, and energy conservation and environmental protection activities such as a "Green Terminal" by exploring the use of environmentally friendly facilities such as "cold ironing".
Mitsui made an equity participation in the Singapore-based port development and management company Portek International Pte Ltd ("Portek International") in September 2011, and together they have applied Portek International's knowledge and expertise relating to port terminal modernization and efficiency improvement for the development of port terminal projects around the world, especially in emerging countries.
Participation in the construction and operation of the new container terminal at Jakarta's Tanjung Priok Port will help Mitsui to benefit from the growth potential of high-growth economies in Southeast Asia and to expand its involvement in logistics infrastructure projects by accumulating knowledge and expertise that can be used in the development and management of projects.
About PT Pelabuhan Indonesia II (IPC)
PT. Pelabuhan Indonesia II (Persero) or IPC is the largest port operator in Indonesia. IPC has the mission to continuously provide its customers with world class service. IPC has 12 port branches mainly located in the western part of Indonesia. This includes the ports of TanjungPriok, SundaKelapa, Palembang, TelukBayur, Banten, Bengkulu, Panjang, Cirebon, Jambi, PangkalBalam and TanjungPandan.
Furthermore, IPC has 16 subsidiaries which include PT. PelabuhanTanjungPriok,
PT. Jakarta International Container Terminal, PT. PengembanganPelabuhan Indonesia,
PT. Indonesia Kendaraan Terminal. PT. EnergiPelabuhan Indonesia, PT. IntegrasiLogistikCiptaSolusi, PT. JasaPeralatanPelabuhan Indonesia,
PT. Pengerukan Indonesia, PT. Electronic Data Interchange Indonesia,
PT. Terminal Petikemas Indonesia, PT. PendidikanMaritimdanLogistik Indonesia,
PT. IPC Terminal Petikemas, PT. RumahSakitPelabuhan, PT. Multi Terminal Indonesia,
PT. Jasa Armada Indonesia, and TPK Koja.
About PSA International
PSA International is one of the leading global port groups. PSA participates in port projects across Asia, Europe and the Americas with flagship operations in PSA Singapore Terminals and PSA Antwerp. Employing the finest talents in the industry, PSA delivers reliable and best-in-class service to its customers and develops win-win relationships with its partners. As the port operator of choice in the world's gateway hubs, PSA is "The World's Port of Call". Please visit us at www.internationalpsa.com.
About Nippon Yusen Kabushiki Kaisha (NYK Line)
Nippon Yusen Kabushiki Kaisha is one of the world's leading transportation companies. At the end of March 2014, the NYK Group was operating 876 major ocean vessels, as well as fleets of planes, and trucks. The company's shipping fleet includes 387 bulk carriers, 119 car carriers, 99 containerships (including semi-containerships), 77 tankers, 48 wood-chip carriers, 67 LNG carriers, three cruise ships, and 76 other ships (including multipurpose and project cargo). NYK's revenue in fiscal 2013 exceeded $22 billion, and as a group NYK employs about 55,600 people worldwide. NYK is based in Tokyo and has regional headquarters in London, New York, Singapore, Hong Kong, Shanghai, Sydney, and Sao Paulo.
This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui's current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest Annual Securities Report and Quarterly Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements.
This announcement is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.