March 18, 2020 / 11:05 AM / 2 months ago

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

JAKARTA, March 18 (Reuters) - 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 Widodo has ordered the rules revoked, Pandjaitan said. (Reporting by Wilda Asmarini; Writing Fransiska Nangoy; Editing by Alex Richardson)

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