Japan's Nippon Yusen to invest in Indonesia-based Pertamina's shipping unit

Japan's Nippon Yusen to invest in Indonesia-based Pertamina's shipping unit

FILE PHOTO: The logo of Indonesian state energy firm Pertamina is seen in Jakarta January 26, 2011. REUTERS/Supri

Japan’s Nippon Yusen KK said on Wednesday it will invest in Pertamina International Shipping (PIS), a unit of Indonesia’s state energy firm Pertamina, without disclosing terms of the deal.

The move by Japan’s biggest shipping company is aimed at expanding business in Indonesia, where energy and energy transportation demand are expected to increase in tandem with the country’s economic growth, a spokesperson for Nippon Yusen said.

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