Indonesia to Invest USD 292 Mln in New Ships

zoom The Indonesian government has assigned around USD 292.5 million to build new passenger and freight ships under the revised 2015 state budget. The investment will be directed toward construction of 15 cargo ships and 10 passenger ships, the Jakarta Post quoted the countrys Transportation Ministry official Bobby Mamahit as saying. The move forms part of the Indonesian President Joko Widodos maritime highway initiative aimed at introducing new and upgrading exiting trade routes across the country. The ships are expected to join the countrys fleet in two years. According to Mamahit, the ministry plans to launch  a tender for private freightliners to operate the new ships and offer subsidies that could reach Rp 15 million per day to compensate for fuel and other costs. The ministry said that the countrys shipbuilding plans for this year will also include construction of  25 new patrol ships and 10 navigation ships. World Maritime News Staff