JAKARTA, April 3 (Reuters) - Indonesia will postpone until 2020 trade rules requiring exporters of coal and crude palm oil to use only Indonesian-flagged vessels, Industry Minister Airlangga Hartarto said, among efforts to increase foreign exchange reserves. The rules, due to take effect this month and intended to boost the archipelago's shipping industry, were initially … [Read more...]
Coal Buyers Spooked by Indonesia’s New Protectionist Shipping Rules
By Bernadette Christina Munthe JAKARTA, Feb 8 (Reuters) - Buyers of Indonesian coal are holding back orders of the fuel after the government issued new shipping rules for coal and crude palm oil that would restrict exports to Indonesian vessels, an industry association said on Thursday. Jakarta issued rules in October requiring coal and palm oil exporters to use … [Read more...]
U.S. Coal Exports Soar Under President Trump
By Timothy Gardner and Nina Chestney WASHINGTON/LONDON July 28 (Reuters) - U.S. coal exports have jumped more than 60 percent this year due to soaring demand from Europe and Asia, according to a Reuters review of government data, allowing President Donald Trump's administration to claim that efforts to revive the battered industry are working. The increased shipments came as … [Read more...]
Indonesia Port Disruptions Cause Coal Shipping Delays
By Fergus Jensen and Henning Gloystein JAKARTA/SINGAPORE, Feb 7 (Reuters) - Loading disruptions at ports in East and South Kalimantan on the Indonesian side of Borneo island are causing a coal supply shortage in one of the world's most important export regions, causing delays as ships wait to take on new cargoes. Shipping data in Thomson Reuters Eikon and port loading … [Read more...]
Indonesia Says Coal On Hold for Philippines After 7 Sailors Abducted
By Kanupriya Kapoor and Manuel Mogato JAKARTA/MANILA June 24 (Reuters) - Indonesia said on Friday a halt on coal shipments to the Philippines will remain in place until Manila can secure its waters after seven Indonesian sailors were kidnapped, the latest in a string of abductions. Philippine authorities could not immediately confirm the hostage-taking but said a Filipino … [Read more...]