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November 28, 2011
CTI Group Inc. has announced that it has in partnership with Bosowa Corporation established a shipping company in Indonesia. The company P.T Bosowa Lloyd is already operating 4 cement carriers of various sizes that have been transferred from CTI’s fleet to Indonesia and reflagged under Indonesian flag.
The ships are operating on Bosowa’s domestic distribution routes.
P.T Bosowa Lloyd is also offering shipping services in Makassar, Batam, Banyuwangi, and Samarinda.
CTI and Bosowa have announced that they are looking to increase the fleet up to 10 ships in the near future and to diversify from cement shipping into other types of domestic shipping as well.
About CTI Group Inc.
Founded in 1990 and headquartered in Amman, Jordan, CTI was established as a cement and clinker trading company. Continuous growth in its market share and a steady acquisition of physical assets has made the company a leader in the cement sector. Today, CTI has diversified into all aspects of the cement value chain through horizontal and vertical integration and into other lucrative businesses to ensure the cost effectiveness and improved performance of its core competency of cement and clinker trading.
About Bosowa Corporation
Bosowa was founded in 1973 by Mr. Aksa Mahmud, one of the leading entrepreneurs from Eastern Indonesia. Bosowa Corporation was setup as the holding company of the Bosowa Group and is currently headed by Mr. Erwin Aksa, President Director, who is also the eldest son of the founder. Bosowa is involved in various lines of business, including cement, automotive, property, resources, and infrastructure and is planning to expand its business to mining, plantation and forestry. For further information on Bosowa, please visit http://www.bosowa.co.id/
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