Indonesia to cancel rules requiring national ships for coal, palm exports

Indonesia, the world's biggest thermal coal exporter, in 2018 issued regulations requiring its coal and palm oil exporters to use domestic shipping companies starting in May

Indonesia's government will revoke rules requiring exporters of coal and palm oil to use national shipping companies for the shipments,Luhut Pandjaitan, Coordinating Minister for Maritime and Investment Affairs, told reporters on Wednesday.

Indonesia, the world's biggest thermal coal exporter, in 2018 issued regulations requiring its coal and palm oil exporters to use domestic shipping companies starting in May.

The government has since concluded that the rule would be disruptive for exports and President Joko Widodohas ordered the rules revoked, Pandjaitan said.

Source: https://energy.economictimes.indiatimes.com/