Karimun shipyard on hold

Wed, 10 Jun 1998 | Source: REUTERS

SINGAPORE (Reuters): Jurong Shipyard Ltd has put on hold expansion plans at its Karimun shipyard in Indonesia due to uncertainties in the crisis-stricken country, chairman Lua Cheng Eng said yesterday.

"We are on hold. We just can't do anything now. Our plans remain unchanged, but we are now watching developments in Indonesia," Lua told Reuters in an interview.

"We are not in a hurry to implement the plans that we have. But we have not changed our mind about developing Karimun yard," he added.

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