Japanese-Indonesian coastal shipping company projected according to the Dutch newspaper De Waarheid dated 21 July 1953

An item dated Djakarta 16 July reported that a Japanese group of investors was interested in establishing a Japanese-Indonesian shipping company for the coastal trade in the Indonesian archipelago. Japanese investors would establish at the same time a company with a start capital of 100.00.000 yen for the building of ships. This company seemed to get a credit of 1.000.000.000 yen from the Japanese banks. The ships she built were to be leased to the new shipping company. Behind these plans was the Nippon-Indonesia Kyoka with as chairman Naotake Sato.