Report: Indonesia Delays New Shipping Rules

The Indonesian government has reportedly decided to postpone indefinitely the implementation of its new law which would limit maritime transportation of goods such as coal and crude palm oil, Reuters informed citing an official of Indonesian Coordinating Economic Ministry.

The new regulations were announced in October 2017 and were supposed to enter into force in April this year.

Based on the decree, commodities, coal, crude palm oil, rice and goods for government procurement, would only be transported for import or export by national maritime transport companies.

The move was directed toward bolstering the Indonesian-flagged fleet as the majority of the country’s exports of coal and crude palm oil are carried out by foreign-flagged vessels.

However, the decision seems to have caused a stir among buyers overseas as well as coal and palm oil exporters in Indonesia, with several contracts now said to be pending finalization.

According to Elen Setiadi, chief of trade and industry at the Coordinating Economic Ministry, cited by Reuters, once the vessel requirements are met and the service providers agree on the new rules they will become mandatory.

The measure was faced with severe criticism from shipowners across the international community as protectionist and in violation of free trade principles.

European Community Shipowners’ Associations (ECSA) said that the new law is “a clear measure of protectionism and will impact seriously European shipping companies that have longstanding access to this market.”

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2018 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

The 27th World Gas Conference

The 27th World Gas Conference is the leading global industry event and is the definitive gathering of influential leaders, buyers and sellers, policy-makers and experts from around the world.

You will hear critical business insights and lively debates on the most topical issues facing the global gas industry today and in the future.

From 25-29 June 2018, Washington DC is expected to host 12,000 attendees, 500 speakers and 350 exhibitors representing, more than 600 companies from 100 countries.

Presented by the IGU, this is the largest and most high-profile gas event that is conducted by the industry for the industry.

Read More

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >