21.   Credit Suisse First Boston was named as adviser to port operator PT Pelabuhan Indonesia III.

22.   He added that the plans involve the entire logistics chain, from freight forwarders and hauliers to Customs and terminal port operators.

23.   Lehman Brothers was also appointed as adviser for toll road operator PT Jasa Marga, and Goldman Sachs for port operator PT Pelabuhan Indonesia II.

24.   Meanwhile,Sudjarwo, spokesman for state port operator PT Pelindo II which operates Tanjung Priok port, said that no more rice shipments were expected until August.

25.   Port operators are constantly reminded that the only way to do well in acompetitive business is to be cost-effective, efficient and innovative.

26.   Port operators said the economic turmoil had severely compromised their rate of return on investments.

27.   The impact, they said, would be heavily felt in the coming months, with other major port operators suffering declines.

28.   The NYK Agency official also said port operators should give rebates as an incentive to shipowners based on the volume of cargo they shipped.

29.   This was at the invitation of the Transport Ministry which Zahrain described as a positive move taken to foster closer ties between the regulatory bodies and private port operators.

30.   TRANSPORT Minister Datuk Seri Dr Ling Liong Sik yesterday urged port operators not to increase unnecessarily their fees for container haulage services because of the weakening ringgit.