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2011 May 19   11:57

Daewoo to build shipyard in Batam Island

Daewoo Shipbuilding plans to develop a 40-hectare land in Batam Island into a shipyard in partnership with state-owned shipbuilding firm PT Dok dan Perkapalan Kodja Bahari (DKB), Theindonesiatoday reports.

Amir Sambodo, special staff of coordinating minister for the economy, said Daewoo Shipbuilding & Marine Engineering has offered cooperation with Kodja Bahari to develop the shipyard.

Amir said Daewoo and Kodja will also develop floating LNG terminal to serve LNG carriers. "They're offering a cooperation with Dok Kodja Bahari," Amir is quoted by Detik.com this morning.

He said that Indonesia needs more floating LNG terminals in Indonesia. "We should grab this opportunity, because South Korea is also willing to train our manpower," Amir said.

He declined to mention the amount of investment committed by Daewoo Shipbuilding for its Indonesian venture.

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