Date
24 August 2017

Ships detained in Indonesia ahead of ore export ban, paper says

Over a dozen Chinese cargo vessels have been detained at Indonesia’s Sulawesi port, where local authorities are seeking a fee of US$300,000 per ship as an export ban on unprocessed mineral ore is set to take effect on Jan. 12, the 21st Century Business Herald reported Friday. The Chinese embassy in Indonesia is said to be taking action to help the shipping firms affected. The impending ban will have a big impact as over half of China’s nickel ore and one-fifth of aluminum comes from Indonesia. The paper cited sources from the Shanghai Erli International Ship Management Co. Ltd. as saying that it would cost over 100,000 yuan (US$16,528) per day if one of its vessels is detained in Indonesia.

– Contact HKEJ at digest@ejinsight.com

EL/AC/RC

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