J. Lauritzen participates in official State Visit to Indonesia
From 21 to 24 October, 2015 J. Lauritzen participated in the Danish State Visit to Indonesia, led by Her Majesty The Queen of Denmark and His Royal Highness The Prince Consort.
The visit to the country with the world's fourth largest population of 255 million inhabitants was the first of its kind since the establishment of diplomatic relations 65 years ago.
Today, Indonesia is the world's 16th largest economy ranked by nominal GDP, and in terms of purchasing power parity as number eight, according to the International Monetary Fund.
Due to Indonesia's sustained high economic growth rates, opportunities for transport in and out of the country are growing. For both Lauritzen Bulkers and Lauritzen Kosan this provides interesting business opportunities.
“Lauritzen Kosan’s vessels have been transporting Indonesian imports of petrochemical gases from the Middle East Gulf since 2007. However, also the regional trade is important, and a large contract on the transportation of ethylene from Singapore to Indonesia was in fact one of the reasons behind transferring our Asian head office from Hong Kong to Singapore with the overall aim of getting closer to our clients in South East Asia,” says Thomas Wøidemann, President, Lauritzen Kosan.
"In terms of dry cargo, Indonesia is an important market", says Peter Borup, President, Lauritzen Bulkers adding "our vessels are not only employed in the export of large volumes of coal out of Indonesia but also in carrying cement, salt and agro-related commodities into the country."
Mukhlisin Aziz, Head of Cargo - Asia, who represented J. Lauritzen in Indonesia, says: "The visit was very successful and widely covered by Indonesian media. The Danish business delegation met with senior Indonesian officials and business executives providing opportunity to establish new and important business relations in the rapidly growing economy."