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Challenges and Opportunities in Shipyard Industry Financing in Indonesia: A SWOT Analysis Comparing Batam and Non-Batam Clusters Zulfakhri, Ahlan
Jurnal Teknik Industri Terintegrasi (JUTIN) Vol. 8 No. 2 (2025): April
Publisher : LPPM Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/jutin.v8i2.43486

Abstract

Indonesia's maritime sector plays a crucial role in the national economy, particularly through shipyard activities spread across both Batam and non-Batam areas. This research examines the financial landscape of the shipbuilding industry in these regions, assessing the challenges, opportunities, strengths, and weaknesses that shape its development. Given its strategic location in Southeast Asia and abundant natural resources, Indonesia has the potential to become a key player in the global maritime industry. However, significant barriers such as high interest rates and limited banking services continue to hinder growth. In Batam, the presence of local policy support and Islamic financing mechanisms from institutions like Bank Mandiri and Bank Permata Syariah offers notable benefits, despite the inherent risks associated with reliance on regional policies. Conversely, non-Batam areas benefit from financial backing by international entities like the Mizuho Group, providing a broader range of long-term funding options. Nevertheless, these regions still face challenges related to infrastructure constraints and elevated interest rates. A SWOT analysis highlights the necessity of implementing adaptable financing strategies and maintaining consistent policy support to ensure sustainable expansion of the shipyard industry across both regions.
SWOT Analysis of the Financial Model to Support Decarbonization of Shipping in Indonesia Zulfakhri, Ahlan
PESHUM : Jurnal Pendidikan, Sosial dan Humaniora Vol. 4 No. 3: April 2025
Publisher : CV. Ulil Albab Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/peshum.v4i3.8399

Abstract

This study analyzes a financial model to support the decarbonization of shipping in Indonesia using a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis approach. The research identifies that Indonesia has strengths in the variety of financing sources, including a joint financing scheme (65% from banks, 30% from non-bank financial institutions, and 5% equity) and a supporting institutional structure. However, there are significant weaknesses, such as high financing costs with interest rates ranging from 7% to 12% per year and limited government support, as ships and shipyards are not considered critical infrastructure. Development opportunities are identified through financing innovations, such as green financing and the implementation of the Poseidon Principles, as well as potential international collaborations and capital market development. Key threats include global economic uncertainty, challenges in implementing decarbonization standards, and competition from countries with more attractive financing schemes. The study concludes that there is a need for supportive policy development, financing scheme innovations, and strengthened collaboration among stakeholders to create an effective financial model that supports the transition to more environmentally friendly shipping in Indonesia.
Analysis of The Role of Banking in Supporting Decarbonization Policy in The Shipping Sector in Indonesia Zulfakhri, Ahlan
Innovative: Journal Of Social Science Research Vol. 5 No. 3 (2025): Innovative: Journal Of Social Science Research
Publisher : Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/innovative.v5i3.18402

Abstract

This study comprehensively analyzes banking policies and instruments in supporting the decarbonization of Indonesia's shipping sector, focusing on identifying challenges, opportunities, and strategic recommendations. A literature review shows that major banks in Indonesia, such as Bank Mandiri, BNI, and BRI, have taken strategic steps through the development of a comprehensive sustainable finance framework, although the maritime industry still faces challenges such as high loan interest costs and a lack of public financing support. With consistent support and commitment from banks, Indonesia is expected to make optimal use of its maritime potential while preserving the environment and encouraging sustainable economic growth. This research aims to provide a conceptual and practical framework for stakeholders in efforts to decarbonize Indonesia's shipping sector.