Indonesian protectionist laws stop Maersk from investing
Indonesian laws requiring majority owners of shipping companies to be from Indonesia has stopped Danish company Maersk Line from investing US$3bn, according to government minister Rini Soemarno.
The Indonesian state-owned enterprise minister told Investor Daily that Maersk Line has expressed interest in investing in domestic Indonesian shipping but only if it was the majority owner.
A 2008 law states that only Indonesian-controlled companies can ship goods domestically, using Indonesian-registered ships and captains.
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