BPA Indonesian Joint Venture Signs Business Agreement with Taiwan Port Corporation Indonesian Joint Venture

FSL CEO Dawi Wu (fifth from the left) and PLC Auditor Choi Junhyuk (sixth from the left) are posing for a commemorative photo after signing the agreement.

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Dooyul] Probolinggo Logistics Center (PLC), an Indonesian joint venture of Busan Port Authority (BPA), signed a business agreement on the 17th with Formosa Sejati Logistics (FSL), an Indonesian joint venture of Taiwan International Ports Corporation.

The agreement was made to expand inter-agency exchange and cooperation, and representatives from Korean and Taiwanese shipping companies attended the signing ceremony.

At the business agreement ceremony, PLC and FSL agreed to strengthen collaboration for information exchange and joint utilization of logistics infrastructure invested by both organizations to support the enhancement of logistics competitiveness for shipping companies and cargo owners entering the East Java region of Indonesia.

The two companies also plan to establish and operate a regular consultative body for joint research and discovery to expand new logistics businesses within Indonesia.

PLC is a joint venture established in 2021 by BPA, Korea Overseas Infrastructure & Urban Development Corporation (KIND), and Indonesian logistics companies, operating bonded warehouses, port stevedoring, and inland transportation in East Java, the second economic zone of Indonesia.

FSL is a joint venture established in 2018 by Taiwan International Ports Corporation (TIPC), Yang Ming Marine Transport Corporation of Taiwan, and Indonesian logistics companies under Taiwan's New Southbound Policy, operating a container yard business in the Surabaya area.

This content was produced with the assistance of AI translation services.