Labuan (Port)

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Pelindo III to build cruise, yacht port in Labuan Bajo

State-owned port operator PT Pelabuhan Indonesia (Pelindo III), which manages port facilities in the central and eastern parts of Indonesia, plans to construct a new terminal at Labuan Bajo port in East Nusa Tenggara dedicated for yachts and cruise ships next year. “Tourism potential in East Nusa Tenggara and West Nusa Tenggara is growing and we want to support the development of the area. We want to prepare facilities for an expected increase in traffic in cruise ships and yachts, particularly in Labuan Bajo,” Pelindo III president director Djarwo Surjanto told reporters on Tuesday. Djarwo said that the firm expected to complete the engineering design and land acquisition this year and begin the construction of the terminal in early 2016. “We need to acquire at least 50 hectares of land to construct the terminal. The construction will take around two years to complete,” Djarwo said. He was reluctant, however, to reveal the total investment needed to construct the terminal. According to Djarwo, the company’s capital expenditure this year reached Rp 4 trillion (US$308.3 million), which would also be used to finance the preparation of the new terminal’s construction. - See more at: http://www.thejakartapost.com/news/2015/03/04/pelindo-iii-build-cruise-yacht-port-labuan-bajo.html#sthash.OvVSZx4o.dpuf

Iran Parks Oil Off Malaysia Coast near Labuan To ‘Outsmart’ Western Sanctions

Iran is using a little-known port off the East Malaysia coast to hide millions of barrels of oil from Western sanctions, according to shipping data, industry sources and officials. Last month, the Lantana, a tanker operated by the National Iranian Tanker Co (NITC), transferred its cargo of around 1 million barrels of crude oil to the Titan Ruchira, a floating storage vessel, off the tiny tropical island of Pulau Kuraman near Labuan, port and shipping industry officials said. Around Aug 10, another Iranian tanker, the Motion, discharged as much as 2 million barrels of fuel oil on to the Titan Tulshyan in the same area, said the officials. The two ships are among 58 Iranian-owned vessels blacklisted by Washington in July for assisting in Iran’s oil trade. A third NITC tanker, the Justice, had been heading for Labuan, but shipping data shows it changed course and should arrive at the Chinese port of Dalian on Sept 17. Another tanker, the Pioneer, had been expected in Labuan early this month, but has anchored off the southwest Malaysian coast.