Indonesia to team up with China in shipyard building

The Business Week bulletin reported that Indonesia would team up with Chinese investors in building shipyard industry in Indonesia in 2010 with initial feasibility study starting this year.

Mr I Nyoman Sudiana director of Shipyard industry, Indonesia Offshore Industry and Shipping Association said that they would be established joint shipyard industry would take raw materials from Indonesia.

He said that feasibility study would consist of consideration to produce the type of ships and the number of ships to be built in the shipyard.

According to Iperindo analyses, Indonesian shipyard industry needs an additional investment of IDR 28.5 trillion to increase its production capacity up to 2.5 million gross tonnes in the next five years.

Citing the initial study carried out by Iperindo and the Industrial ministry, to cope with domestic needs Indonesian shipyard industry needs to improve production capacity by 500,000 GT with total investment of IDR 5.7 trillion a year.

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