Indonesia’s coal nationalisation could offer tonne-mile bulker boost
- If rollout of central commodity trader proves cumbersome, buyers may look elsewhere
- A pivot to South African coal would be a significant tonne-mile boost for panamax and capesizes
- But questions remain over Jakarta’s ability to influence prices and trade in a world weaning off coal
If efforts to centralise exports becomes unmanageable, Indonesia’s loss could be South Africa’s, and bulk owners’ gain
