Tsuneishi invests in Indonesia

Tsuneishi invests in Indonesia

Tokyo: Japanese shipbuilder Tsuneishi Holdings plans to invest $40m to run a shiprepair business in Indonesia, and will subsequently consider further investments in the shipbuilding business.

“We see a big potential to develop Indonesia’s shipping industry. We’ve estimated that around 3,293 ships will require repair services each year,” Tsuneishi’s chairman and president Yasuharu Fushimi said.

Indonesia is offering five locations Lampung, Lamongan, Surabaya, Makassar and Manado to the Japanese for investment, according to Indonesia Investment Coordinating Board (BKPM) chief Franky Sibarani.

BKPM is marketing an investment promotion roadshow in Osaka, Tokyo and Nagoya this week

Katherine Si

Having majored in English Katherine started out at news portal ShippingChina.com where she rose to become News Editor. In 2008 she moved to work with Sam Chambers and has since held numerous positions including China correspondent for Seatrade magazine. Katherine is in touch with Chinese owners and yards on a daily basis and has had many prestigious news scoops reporting China’s fast evolving maritime scene.

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