The State-Owned Enterprises (SOEs) Ministry will proceed with the effort to salvage state shipping company Djakarta Lloyd despite the fact that the company is on the brink of bankruptcy, Tempo Interactive reports. Achiran Pandu Djajanto, SOEs Ministrys Restructuring and Strategic Planning Division deputy, said that the temporary salvage will be carried out as long as the bankruptcy issue is being processed through the Debt Payment Suspension institution. The salvage will be conducted regardless so that the company is able to pay the employees salaries, said Pandu, contacted by TEMPO on Friday.
Pandu went on that the loaners demand to declare bankruptcy on the state-owned enterprise must be fulfilled. However, before the company is declared bankrupt, Djakarta Lloyd needs to stay alive through synergy with other SOEs.
They [Djakarta Lloyd] has actually been given the task to deliver PLN [state electricity company] coal and Pertamina [state oil company] logistics, Pandu added. The task of delivering 1.5 million tons of PLN coal and Pertamina logistics have been given since January. However, due to the absence of ships, the task has yet to be executed. As soon as the company can lease a ship, they can begin operations. The assignment is fixed, Pandu said.
Pandu went on that the loaners demand to declare bankruptcy on the state-owned enterprise must be fulfilled. However, before the company is declared bankrupt, Djakarta Lloyd needs to stay alive through synergy with other SOEs.
They [Djakarta Lloyd] has actually been given the task to deliver PLN [state electricity company] coal and Pertamina [state oil company] logistics, Pandu added. The task of delivering 1.5 million tons of PLN coal and Pertamina logistics have been given since January. However, due to the absence of ships, the task has yet to be executed. As soon as the company can lease a ship, they can begin operations. The assignment is fixed, Pandu said.