Indonesia has postponed indefinitely the application of new rules that would limit shipments of coal and palm oil exports to only national shipping companies, a Coordinating Economic Ministry official said on Tuesday.
Indonesia is the world’s biggest exporter of thermal coal and top producer of palm oil, but presently most of its exports of these commodities use foreign vessels.
The rules that were due to take effect in April were intended to boost the role of the archipelago’s shipping industry but had raised concerns among the coal and palm oil industries. Read More…
Latest posts by energy.economictimes.indiatimes.com (see all)
- India’s Oil Minister Pradhan Asks Global Investors to Participate in Oil and Gas Auctions - November 13, 2018
- Punjab govt confers awards on 10 industrialists for energy conservation - November 3, 2018
- Russia resorts to stop-gap measures to tackle high petrol prices - November 3, 2018