JAKARTA (Reuters): Indonesia allowed 37 vessels loaded with coal to depart on Thursday (Jan 13) in the strongest sign yet that the world's biggest thermal coal exporter is relaxing its ban on shipments.
Indonesia, the world’s biggest thermal coal exporter, has allowed 37 loaded coal vessels to depart after they secured approvals from authorities, the Coordinating Ministry of Maritime and Investment Affairs said on Thursday. In a statement, the ministry said an export ban implemented on Jan 1 had been eased for miners that had met a requirement .
Two ministers have said that state-owned electricity company PLN had secured enough coal to meet its power generation needs, addressing the underlying issue behind Indonesia’s coal export ban that has rattled global markets.