Shipping & Freight #mining#shipping
Miner Paragon seals $50m move into Indonesian shipping with DPAL acquisition
Jakarta-listed mining and energy support company Paragon Karya Perkasa has completed a Rp890bn ($50m) takeover of PT Deli Pratama Angkutan Laut (DPAL), gaining a controlling stake in a domestic coal shipping platform with 34 vessels. The acquisition is part of a restructuring driven by changes to Indonesia's shipping laws, aimed at placing DPAL under an Indonesian operating platform without foreign ownership restrictions.
Jul 21, 2026 1 source