The Big Sleep

In an average year, foreign ships take about Rp144 trillion per year in income from Indonesian domestic shipping trade. Our maritime industry has been neglected for 20 years.

April 19, 2005

NO one may have noticed but over the past 20 years our maritime industry has been lulled into submission by foreign fishermen and their pals. "The total level of foreign exchange which falls in the hands of foreign fishermen is as high as US$16 billion per year," said Oentoro Surya, the head of the Indonesian National Shipowners Association (INSA). That is equivalent to about Rp144 trillion. Around US$11 billion is snapped up throug

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