{
    "success": true,
    "data": {
        "id": 1201431,
        "msgid": "shipbuilders-likely-to-move-from-industrialized-countries-1447893297",
        "date": "1995-01-24 00:00:00",
        "title": "Shipbuilders likely to move from industrialized countries",
        "author": null,
        "source": "",
        "tags": null,
        "topic": null,
        "summary": "Shipbuilders likely to move from industrialized countries JAKARTA (JP): Shipbuilding companies in industrialized countries are likely to relocate their plants to developing countries for lower production costs, an official said. Director General of Metal, Machinery and Electronic Industries Effendi Sudarsono said yesterday that the competitiveness of the shipbuilding industry in industrialized countries tends to decline due to the higher cost of production.",
        "content": "<p>Shipbuilders likely to move from industrialized countries<\/p>\n<p>JAKARTA (JP): Shipbuilding companies in industrialized<br>\ncountries are likely to relocate their plants to developing<br>\ncountries for lower production costs, an official said.<\/p>\n<p>Director General of Metal, Machinery and Electronic Industries<br>\nEffendi Sudarsono said yesterday that the competitiveness of the<br>\nshipbuilding industry in industrialized countries tends to<br>\ndecline due to the higher cost of production.<\/p>\n<p>\"Shipbuilding is a labor intensive industry and uses medium as<br>\nwell as high technology ... This industry will shift gradually to<br>\ndeveloping countries, including Indonesia,\" Effendi said at a<br>\nDanish marine technology and equipment symposium.<\/p>\n<p>Effendi said that because Indonesia has decided to build all<br>\nnew ships at local shipyards, it is inviting the cooperation of<br>\nforeign partners as suppliers.<\/p>\n<p>Indonesia, Effendi said, also opens its door widely for<br>\nforeign investment in the shipbuilding industry as Government<br>\nRegulation No. 20\/1994 allows foreign investors to own full<br>\nequity in a shipbuilding business.<\/p>\n<p>\"As we have comparative advantages available in our country,<br>\nthe industry is being developed in order to support our national<br>\neconomic growth and to impel exports forward,\" Effendi said.<\/p>\n<p>Chresten S. Jorgensen of the Danish Export Group Association,<br>\nwho came here with executives of 17 marine companies, said that<br>\nthe Danish marine industry has long cooperated with Indonesian<br>\nshipyards.<\/p>\n<p>Indonesia currently has some 220 shipyards. However, most of<br>\nthem have the capability to only build ships of less than 1,000<br>\ndead weight tons (DWT), Effendi said.<\/p>\n<p>He noted that a number of shipyards, which currently can make<br>\nships of up to 30,000 DWT, will improve their capability to build<br>\nships of 100,000 DWT within the next five years.<\/p>\n<p>\"Although our capacity is relatively small, this industry has<br>\nbeen internationally competitive to a degree that we have been<br>\nable to export ships to several countries,\" Effendi told the<br>\nsymposium without detailing the exports.<\/p>\n<p>He noted that Indonesia used to export shipbuilding equipment<br>\nworth US$10 million annually, while its annual imports of similar<br>\nequipment stood at US$100 million. Last year's imports reached a<br>\nrecord high of around $400 million. (rid)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/shipbuilders-likely-to-move-from-industrialized-countries-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}