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Indonesia revises coal law to lift dry bulk sector

Indonesia has finally revised its cabotage law, which now requires vessels under 15,000 dwt to be owned by Indonesia-based companies for the transport of coal beginning May 1. This implies that foreign-owned vessels can still be chartered in to ship coal from the country

Braemar ACM analyst Nick Ristic warns that this could be the first step of many towards gradually implementing these measures on the larger ships

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