Ministry of Land, Infrastructure, Transport and Tourism

Recent policy development in Japan

-Human Resource Development-New Infrastructure Fund: “JOIN”

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 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)

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)

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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

©MODEC

Design of offshore platforms

STS operation

(3)Establishment of a cooperation partnership with oversea companies, universities and organizations

(2) Development of the simulation system including Dynamic Positioning (DP)

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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 North America Latin America

/AsiaNOC/IOC 

BP, Royal Dutch Shell, Statoil,Total

Chevron, Conoco Phillips,Exxon Mobil

Petrobras, Petronas

Geophysical/Oilfield Service

Petroleum Geo-Services, Western Geco

Schlumberger, Baker Hughes

Halliburton  

Engineering BW Offshore, Saipem,SBM Offshore, Technip

Teekay 

 

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Establishment of overseas cooperation partnership

  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 Science & Technology,

Univ. of Bergen,

Univ. of Stavanger,

The Univ. of Aberdeen, Glasgow, Strathclyde, Edinburgh,

Heriott-Watt

Texas A&M Univ., The Univ. of Texas at Austin,Univ. of Houston

Univ. Federal do Rio de Janeiro, Univ. de Sao Paulo,Shanghai Jiao Tong Univ.,Singapore Univ. 

Subsea/FOWT

Fred Olsen, Seajacks,Subsea 7

FMC Technologies, Oceaneering

 

Overseas Cooperation Targets (draft)

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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

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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

JOIN - Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development -

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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.

1. What is JOIN?

Disposition of Shares(when the project has achieved its initial purpose, etc.)

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Infrastructure Projects （ SPC ）

JICA /JBIC /NEXI /J-Banks

Local Banks

Host Governments

Concession Support

Master Plan / Developer E.P.C. O & M

Negotiation Equity, etc.

Loan, etc.

Local Companies

Loan Equity

J-Companies

JOINCapital: 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)

Technical support / transfer

H.R. development Management Support

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.

2. How does JOIN function?

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Logistics

High-speed railways Urban railways / transport system Toll Roads

Ships / Offshore units Port terminals

Airport terminals Urban development

3. JOIN’s focus to invest

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Where the funding can go

Scope of funding

- Owning/O&M SPC of the LNG Vessel

- Owning/O&M SPC of the FPSO

- Owning/O&M SPC of the PSV/AHTS

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.

Debt

Equity

Japanese Investors

JBIC

Local Bank etc.

JOIN

Charter contract&

O&M contract

Example of lease financing structure Owning/O&M SPC

Other Japanese banks

LNG vessel PSV FPSO

Oil & Gas Company

4. How the funding by JOIN will work in the maritime sector?

Norwegian Investors

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2-2-3 Marunouchi, Chiyoda-ku, Tokyo (Marunouchi-Nakadori Building, 9F)

Location

TEL: +81-3-5293-6700 (main line) / FAX: +81-3-3218-5561Contact

http://www.join-future.co.jp/ (* Japanese Version Only)Website

Company NameJapan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN)

Established October 20, 2014

E-mail info@join-future.co.jp

Presidentand CEO Takuma Hatano

6. Company Outline