Recent policy development in Japan
-Human Resource Development
-New Infrastructure Fund: “JOIN”
Shinichiro Otsubo, Ph.D.
Director of Shipbuilding and Ship Machinery Division
Maritime Bureau
Ministry of Land, Infrastructure, Transport and Tourism
(MLIT)
Japan-Norway maritime working meeting 3 June , 2015
Ministry of Land, Infrastructure, Transport and Tourism
1. Efforts of Japanese Government to
Nurture the Human Resources for Marine
Development
2. MLIT Infrastructure Fund: “JOIN”
Japan Overseas Infrastructure Investment Corporation for Transport &
Urban Development
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Basic Act on Ocean Policy (April, 2007)
CHAPTER Ⅲ Basic Measures
￮ The State, in order to promote the Ocean Industries and to
strengthen the international competitiveness, shall take
necessary measures with regard to the Ocean Industries
to nurture and secure the human resources (abr.). （Article 24)
CHAPTER Ⅳ Headquarters for Ocean Policy
￮ The Headquarters shall be headed by the Director-General of
the Headquarters for Ocean Policy, the post which shall be
served as Prime Minister. (Article 32(1))
Prime Minister Shinzo Abe, in the
meeting of the Headquarters for
Ocean Policy (December, 2014)
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Efforts of MLIT
MLIT have started the following new policy
measures in FY 2015 in order to increase offshore
engineers.
(1)
Development of curricula and teaching
materials for offshore engineering for
Japanese
university
students
and
graduate students in close collaboration
with industry and academia
Design of
offshore
platforms
©MODEC
(2)
Development of the simulation system
including Dynamic Positioning (DP)
of a cooperation partnership with
oversea companies, universities and organizations
STS operation
(3)Establishment
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Development of the simulation system


National Maritime Research Institute is carrying out a
study of the simulation system to train university
students.
The interface of DP trainer shall be the same as what
is used onboard offshore vessels and offshore units.
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Establishment of overseas cooperation partnership
To establish the system to encourage Japanese students
to apply for an internship or studying abroad,
JETRO commissioned by MLIT, is trying to contact to and
discuss with overseas offshore related companies,
universities and organizations.
Overseas Cooperation Targets (draft)
Europe
NOC/IOC
BP, Royal Dutch Shell,
Statoil,
Total
North America
Latin America
/Asia
Chevron,
Petrobras,
Conoco Phillips, Petronas
Exxon Mobil
Geophysical/
Petroleum Geo-Services, Schlumberger,
Oilfield Service Western Geco
Baker Hughes
Engineering
BW Offshore,
Saipem,SBM Offshore,
Technip
Halliburton
Teekay
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Establishment of overseas cooperation partnership
Overseas Cooperation Targets (draft)
Europe
North America
Latin America
/Asia
Fabricator/
Shipyard
Aker Solutions
National Oilwell Varco Keppel Offshore &
Marine,
Sembcorp Marine
Class
DNV-GL
ABS
University
Norwegian Univ. of
Texas A&M Univ.,
Science & Technology, The Univ. of Texas at
Austin,
Univ. of Bergen,
Univ. of Houston
Univ. of Stavanger,
Subsea/
FOWT
The Univ. of Aberdeen,
Glasgow, Strathclyde,
Edinburgh,
Heriott-Watt
Fred Olsen,
Seajacks,
Subsea 7
FMC Technologies,
Oceaneering
Univ. Federal do
Rio de Janeiro,
Univ. de Sao Paulo,
Shanghai Jiao Tong
Univ.,
Singapore Univ.
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1. Efforts of Japanese Government to
Nurture the Human Resources for Marine
Development
2. MLIT Infrastructure Fund: “JOIN”
Japan Overseas Infrastructure Investment Corporation for Transport &
Urban Development
7
JOIN - Japan Overseas Infrastructure Investment
Corporation for Transport & Urban Development 1.
What is JOIN ?
2.
How does JOIN function?
3.
JOIN’s focus to invest
4.
How the funding by JOIN will work in the maritime sector?
5.
Our Decision Making Process – How we become your Partner
6.
Company Outline
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1. What is JOIN?
JOIN is one of the government-private sponsored fund in Japan,
which specializes in overseas infrastructure investment.
 JOIN provides equity financing to
infrastructure projects worldwide.
 JOIN works in collaboration with
Japanese companies, banks,
institutions (JICA, JBIC, NEXI,
etc.). & government.
*The law to establish JOIN was adopted by the National Diet in Feb 2014.
*JOIN was established on 20th October 2014.
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2. How does JOIN function?
JOIN* will back up the financing of projects by holding a considerable portion of the
equity of SPC. This equity finance scheme can improve bankability of the project.
Disposition of Shares
(when the project has achieved its initial purpose, etc.)
JOIN
Capital: 10.8 billion yen [as of April 2015]
（J-Gov:5.4 billion yen, J-Companies:5.4 billion yen)
Investment Capacity: 75.2 billion yen [FY2015]
(includ. guarantee 34 billion yen)
 Negotiation
 Concession
 Support
 Technical support /
transfer
 H.R. development
 Management Support
Host
Governments
J-Companies
 Equity,
etc.
 Loan, etc.
Infrastructure Projects（SPC）
 Equity
Master Plan /
Developer
JICA /
JBIC /
NEXI /
J-Banks
E.P.C.
O&M
Local
Companies
 Loan
Local Banks
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3. JOIN’s focus to invest
High-speed railways
Urban railways /
transport system
Ships / Offshore units
Airport terminals
Urban development
Toll Roads
Port terminals
Logistics
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4. How the funding by JOIN will work in the maritime sector?
Scope of funding
Projects, to be supported by JOIN, need to be relevant to overseas transport* or urban/regional
development.
* ”Transport” includes not only “traditional” sea transport such as the operation of LNG vessels
and container vessels, but also offshore projects such as the operation of FPSO, FLNG, PSV,
AHTS, shuttle tankers and Logistics Hub.
Where the funding can go
LNG vessel
PSV
FPSO
- Owning/O&M SPC of the LNG Vessel
- Owning/O&M SPC of the FPSO
- Owning/O&M SPC of the PSV/AHTS
Example of lease financing structure
Owning/O&M SPC
JBIC
Other Japanese banks
Debt
Charter contract
&
O&M contract
Local Bank etc.
Japanese Investors
Norwegian Investors
JOIN
Oil & Gas
Company
Equity
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6. Company Outline
Company
Name
Japan Overseas Infrastructure Investment Corporation for Transport &
Urban Development (JOIN)
Location
2-2-3 Marunouchi, Chiyoda-ku, Tokyo (Marunouchi-Nakadori Building, 9F)
Established
October 20, 2014
President
and CEO
Takuma Hatano
Contact
TEL: +81-3-5293-6700 (main line) / FAX: +81-3-3218-5561
E-mail
info@join-future.co.jp
Website
http://www.join-future.co.jp/
(* Japanese Version Only)
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