Buying Old Ships

The acquisition of Jembatan Nusantara shares by ASDP Indonesia Ferry leaves behind several problems. Dozens of ships are damaged, and there is a huge debt to settle.

Francisca Christy Rosana

September 5, 2022

THE text message Aminuddin Rifai received last week ended his curiosity about rumors that ASDP Indonesia Ferry was buying the share of Jembatan Nusantara—one of the national private ferry operators. Aminuddin, Secretary-General of the National River, Lake and Inter-Island Transport Association (Gapasdap), never received an official notification about the sales of Jembatan Nusantara shares to ASDP, a state-owned ferry company.

Ami

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